Mitsubishi Estate Co. (OTCMKTS:MITEY) Stock Short Interest Jumps 155.6%

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 51,139 shares, an increase of 155.6% from the September 15th total of 20,007 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 175,631 shares, the days-to-cover ratio is currently 0.3 days.

Mitsubishi Estate Price Performance

Shares of MITEY stock traded up $0.16 on Tuesday, reaching $22.05. 19,435 shares of the company were exchanged, compared to its average volume of 68,714. Mitsubishi Estate has a 1 year low of $20.09 and a 1 year high of $35.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.35 and a current ratio of 1.89. The business has a 50-day moving average price of $23.16 and a 200 day moving average price of $25.31. The company has a market cap of $26.71 billion, a price-to-earnings ratio of 14.61 and a beta of 0.14.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of 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, the company has an average rating of “Hold”.

About Mitsubishi Estate

Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial, residential and mixed-use properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related real estate services.

The company is closely associated with the development and management of the Marunouchi and Otemachi districts in central Tokyo, where it operates a large concentration of office, retail, dining and cultural facilities.