Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Update

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 20,600 shares, a decline of 18.6% from the October 15th total of 25,300 shares. Based on an average daily trading volume, of 113,900 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Mitsubishi Estate Stock Down 0.9 %

Shares of MITEY traded down $0.12 during midday trading on Friday, reaching $13.38. 278,632 shares of the stock were exchanged, compared to its average volume of 48,371. The firm has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $16.21. Mitsubishi Estate has a 12-month low of $12.58 and a 12-month high of $20.40. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 14.39 and a beta of 0.48.

About Mitsubishi Estate

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.