Mitsubishi Estate Co. (OTCMKTS:MITEY) Sees Significant Decrease in Short Interest

Key Points

• Mitsubishi Estate Co. experienced a 44.4% decrease in short interest during September, dropping from 16,900 shares to 9,400 shares.
• The company's stock is currently trading at $21.86 with a market capitalization of $27.34 billion and a price-to-earnings ratio of 21.02.
• In its latest quarterly earnings, Mitsubishi reported earnings per share of $0.20, surpassing the consensus estimate of $0.18.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,400 shares, a drop of 44.4% from the September 15th total of 16,900 shares. Based on an average daily volume of 54,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 54,900 shares, the days-to-cover ratio is presently 0.2 days.

Mitsubishi Estate Stock Performance

Shares of OTCMKTS:MITEY traded down $0.51 during midday trading on Tuesday, hitting $21.86. The company's stock had a trading volume of 6,011 shares, compared to its average volume of 52,224. The stock has a market capitalization of $27.34 billion, a price-to-earnings ratio of 21.02 and a beta of 0.21. The stock's 50 day simple moving average is $22.10 and its 200 day simple moving average is $19.54. Mitsubishi Estate has a fifty-two week low of $12.78 and a fifty-two week high of $24.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mitsubishi Estate had a return on equity of 5.65% and a net margin of 12.09%. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

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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