Mitsubishi Estate Co. (OTCMKTS:MITEY) Sees Significant Growth in Short Interest

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,404 shares, a growth of 109.3% from the May 31st total of 5,927 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 161,363 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Estate Price Performance

MITEY stock traded down $0.27 on Tuesday, reaching $25.61. 32,674 shares of the company’s stock were exchanged, compared to its average volume of 59,363. The stock has a fifty day moving average of $26.32 and a 200-day moving average of $27.35. Mitsubishi Estate has a twelve month low of $17.23 and a twelve month high of $35.17. The firm has a market cap of $31.17 billion, a PE ratio of 21.52 and a beta of 0.12. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.26.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.