Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Declines By 18.6%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 20,600 shares, a decrease 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 currently 0.2 days.

Mitsubishi Estate Trading Down 0.9 %

MITEY stock traded down $0.12 on Friday, hitting $13.38. The company had a trading volume of 278,511 shares, compared to its average volume of 48,371. Mitsubishi Estate has a 12-month low of $12.58 and a 12-month high of $20.40. The stock’s 50-day simple moving average is $15.56 and its 200 day simple moving average is $16.24. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 14.52 and a beta of 0.48.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Mitsubishi Estate to a “strong-buy” rating in a 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.