Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,891 shares, a decrease of 70.1% from the April 30th total of 26,385 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 88,601 shares, the short-interest ratio is currently 0.1 days.
Mitsubishi Estate Trading Down 0.6%
OTCMKTS MITEY traded down $0.16 during mid-day trading on Friday, hitting $25.25. The company’s stock had a trading volume of 141,720 shares, compared to its average volume of 52,808. Mitsubishi Estate has a 52-week low of $17.23 and a 52-week high of $35.17. The stock’s fifty day simple moving average is $27.74 and its two-hundred day simple moving average is $26.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.97 and a quick ratio of 1.39. The firm has a market capitalization of $30.74 billion, a P/E ratio of 21.22 and a beta of 0.16.
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.
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