Mitsubishi Estate Co. (OTCMKTS:MITEY) Stock Short Interest Falls 92.8%

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,659 shares, a drop of 92.8% from the September 30th total of 51,139 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 151,239 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Mitsubishi Estate Price Performance

Shares of MITEY stock opened at $25.09 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.89 and a quick ratio of 1.35. The stock’s fifty day simple moving average is $23.08 and its 200 day simple moving average is $26.18. Mitsubishi Estate has a one year low of $20.09 and a one year high of $35.17. The firm has a market cap of $30.39 billion, a price-to-earnings ratio of 16.62 and a beta of 0.14.

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.