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

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) saw a large growth in short interest in the month of 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 company's shares are short sold. 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 company's shares are short sold.

Mitsubishi Estate Stock Up 0.5%

MITEY traded up $0.10 during trading on Wednesday, hitting $21.79. The company had a trading volume of 15,030 shares, compared to its average volume of 39,785. The company has a market capitalization of $27.26 billion, a PE ratio of 20.95 and a beta of 0.23. The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24. Mitsubishi Estate has a one year low of $12.78 and a one year high of $22.39. The firm's 50-day moving average price is $19.26 and its 200 day moving average price is $17.41.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Mitsubishi Estate had a return on equity of 5.48% and a net margin of 12.09%.The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

Analysts Set New Price Targets

Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

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.