Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Down 92.4% in July

Mitsubishi Estate Co. (OTCMKTS:MITEY) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,767 shares, a decrease of 92.4% from the July 15th total of 49,319 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 148,231 shares, the days-to-cover ratio is presently 0.0 days.

Mitsubishi Estate Stock Performance

MITEY opened at $23.23 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $25.14 and its 200-day moving average is $27.40. The stock has a market cap of $28.13 billion, a PE ratio of 15.38 and a beta of 0.13. Mitsubishi Estate has a twelve month low of $18.18 and a twelve month high of $35.17.

Wall Street Analyst Weigh In

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

Mitsubishi Estate Company Profile

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.