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

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Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 43,200 shares, a decrease of 21.6% from the March 31st total of 55,100 shares. Based on an average daily trading volume, of 111,500 shares, the short-interest ratio is presently 0.4 days.

Mitsubishi Estate Trading Up 2.8 %

Shares of Mitsubishi Estate stock traded up $0.49 during trading on Friday, hitting $18.10. The company's stock had a trading volume of 55,392 shares, compared to its average volume of 43,802. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.10 and a quick ratio of 1.46. Mitsubishi Estate has a 52 week low of $11.20 and a 52 week high of $20.40. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 23.21 and a beta of 0.44. The stock has a 50-day moving average price of $17.17 and a two-hundred day moving average price of $14.81.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.14 earnings per share for the quarter. Mitsubishi Estate had a net margin of 10.08% and a return on equity of 5.38%. The company had revenue of $2.29 billion for the quarter.

About Mitsubishi Estate

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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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