Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,659 shares, a decline of 92.8% from the September 30th total of 51,139 shares. Based on an average daily volume of 151,239 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
Mitsubishi Estate Trading Up 1.3%
Shares of OTCMKTS:MITEY traded up $0.33 on Monday, hitting $25.09. The company had a trading volume of 54,383 shares, compared to its average volume of 67,324. The firm’s 50-day simple moving average is $23.08 and its two-hundred day simple moving average is $26.18. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of 26.91 and a beta of 0.14. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 1.19. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on MITEY
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.
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