Mitsubishi Estate Co. (OTCMKTS:MITEY) Sees Significant Decrease in Short Interest

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 584 shares, a decrease of 84.5% from the July 30th total of 3,767 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 211,061 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Mitsubishi Estate Stock Down 0.7%

Shares of Mitsubishi Estate stock traded down $0.15 during trading on Thursday, hitting $23.48. The company’s stock had a trading volume of 40,023 shares, compared to its average volume of 66,932. The company has a fifty day simple moving average of $24.63 and a two-hundred day simple moving average of $27.21. Mitsubishi Estate has a 52 week low of $18.18 and a 52 week high of $35.17. The company has a market capitalization of $28.44 billion, a PE ratio of 15.55 and a beta of 0.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97.

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.