Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Up 255.8% in March

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 18,500 shares, an increase of 255.8% from the March 15th total of 5,200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is presently 0.3 days.

Mitsubishi Estate Stock Performance

OTCMKTS MITEY opened at $17.17 on Thursday. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 16.67 and a beta of 0.27. Mitsubishi Estate has a 52 week low of $12.78 and a 52 week high of $19.63. The stock’s 50 day moving average price is $15.45 and its two-hundred day moving average price is $14.75.

Mitsubishi Estate (OTCMKTS:MITEY) last released its earnings results on Friday, February 7th. The company reported $0.28 earnings per share for the quarter. Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.