Mitsubishi Estate Co. (OTCMKTS:MITEY) Sees Large Decline in Short Interest

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,659 shares, a decrease of 92.8% from the September 30th total of 51,139 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 151,239 shares, the days-to-cover ratio is presently 0.0 days.

Mitsubishi Estate Trading Up 1.3%

MITEY stock traded up $0.33 during trading on Monday, hitting $25.09. 54,383 shares of the company traded hands, compared to its average volume of 67,324. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.35 and a current ratio of 1.89. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17. The firm has a market capitalization of $30.39 billion, a PE ratio of 26.91 and a beta of 0.14. The company has a 50-day moving average of $23.08 and a 200-day moving average of $26.18.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial and residential properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related property management and facility services.

The company is closely associated with the Marunouchi district in central Tokyo, where it has played a major role in the long-term redevelopment of office, retail, cultural and public spaces.