Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 5,900 shares, a decline of 65.1% from the May 15th total of 16,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 78,300 shares, the short-interest ratio is presently 0.1 days.
Mitsubishi Estate Stock Down 0.4%
MITEY traded down $0.08 on Monday, reaching $18.53. The company had a trading volume of 29,880 shares, compared to its average volume of 69,100. Mitsubishi Estate has a 1 year low of $12.78 and a 1 year high of $19.61. The stock has a market capitalization of $23.18 billion, a PE ratio of 17.99 and a beta of 0.21. The stock has a 50-day moving average price of $17.73 and a 200-day moving average price of $15.67.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The company had revenue of $3.59 billion during the quarter, compared to analysts' expectations of $3.58 billion. Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%.
Analyst Ratings Changes
Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
View Our Latest Report on Mitsubishi Estate
Mitsubishi Estate Company Profile
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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.
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