Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Sees Significant Drop in Short Interest

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 5,900 shares, a decrease of 65.1% from the May 15th total of 16,900 shares. Based on an average daily trading volume, of 78,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Mitsubishi Estate Stock Down 0.5%

Shares of MITEY traded down $0.10 on Friday, reaching $18.33. The stock had a trading volume of 19,150 shares, compared to its average volume of 69,658. The firm has a market capitalization of $22.93 billion, a PE ratio of 17.80 and a beta of 0.21. The firm has a 50-day moving average of $17.60 and a 200 day moving average of $15.58. Mitsubishi Estate has a twelve month low of $12.78 and a twelve month high of $19.61.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released 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 firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.

Analysts Set New Price Targets

Separately, CLSA raised Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.

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.

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