Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Update

Key Points

• Mitsubishi Estate Co. experienced a significant increase in short interest, rising by 238.3% to a total of 38,900 shares as of July 31st.
• CLSA upgraded Mitsubishi Estate to a "strong-buy" rating on May 27th, signaling positive analyst sentiment regarding the company's potential.
• The company's stock price rose by 0.8% to $21.46, with earnings surpassing estimates at $0.20 per share for the quarter.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 38,900 shares, agrowthof238.3% from the July 15th total of 11,500 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.7 days. Approximately0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Mitsubishi Estate Stock Up 0.8%

OTCMKTS MITEY traded up $0.17 during trading on Friday, reaching $21.46. The company's stock had a trading volume of 17,919 shares, compared to its average volume of 59,671. The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $26.84 billion, a PE ratio of 20.63 and a beta of 0.23. The business has a 50-day moving average price of $19.02 and a 200-day moving average price of $17.21. Mitsubishi Estate has a 1-year low of $12.78 and a 1-year high of $22.39.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.48%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion.

About Mitsubishi Estate

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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