Mitsubishi Estate Co. (OTCMKTS:MITEY) Stock Short Interest Jumps 3,754.9%

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 20,007 shares, an increase of 3,754.9% from the August 31st total of 519 shares. Based on an average daily volume of 135,015 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Mitsubishi Estate Stock Down 0.2%

OTCMKTS:MITEY traded down $0.05 on Thursday, hitting $23.01. 101,454 shares of the company’s stock traded hands, compared to its average volume of 68,999. The company has a market cap of $27.87 billion, a PE ratio of 15.24 and a beta of 0.12. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $23.84 and a 200-day moving average price of $25.99.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japanese real estate company and a core member of the Mitsubishi Group. Founded in 1937, the company develops, owns, leases and manages office buildings, commercial properties, residential communities, hotels, logistics facilities and other real estate assets.

The company is particularly known for its long-term development of the Marunouchi district near Tokyo Station, one of Japan’s leading business and commercial areas. Its services also include property management, real estate brokerage, investment management and urban redevelopment.

Mitsubishi Estate primarily serves customers in Japan while also pursuing real estate development and investment activities in selected international markets, including the United States, the United Kingdom and parts of Asia.