Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Down 84.5% in August

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 584 shares, a drop of 84.5% from the July 30th total of 3,767 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 211,061 shares, the short-interest ratio is currently 0.0 days.

Mitsubishi Estate Price Performance

Shares of MITEY traded up $0.49 during trading hours on Friday, hitting $23.92. The stock had a trading volume of 16,705 shares, compared to its average volume of 66,739. The stock has a market capitalization of $28.97 billion, a price-to-earnings ratio of 15.84 and a beta of 0.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.97 and a quick ratio of 1.39. The company’s fifty day moving average is $24.59 and its two-hundred day moving average is $27.18. Mitsubishi Estate has a 52 week low of $18.18 and a 52 week high of $35.17.

Analyst Ratings Changes

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

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.