Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Rises By 19.5%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 17,800 shares, a growth of 19.5% from the August 15th total of 14,900 shares. Based on an average daily volume of 52,200 shares, the short-interest ratio is presently 0.3 days.

Mitsubishi Estate Stock Performance

OTCMKTS MITEY traded up $0.10 during trading on Tuesday, reaching $16.30. 34,588 shares of the company’s stock were exchanged, compared to its average volume of 45,306. Mitsubishi Estate has a fifty-two week low of $12.21 and a fifty-two week high of $20.40. The stock has a market capitalization of $20.72 billion, a P/E ratio of 18.11 and a beta of 0.48. The business has a 50 day moving average price of $16.33 and a 200-day moving average price of $16.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.10 and a quick ratio of 1.46.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.38%. The business had revenue of $2.11 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Mitsubishi Estate to a “strong-buy” rating in a research report on Friday, August 16th.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.