Short Interest in Mitsubishi Estate Co. (OTCMKTS:MITEY) Decreases By 75.1%

Key Points

• Short interest in Mitsubishi Estate Co. decreased by 75.1% in August, dropping from 38,900 shares to 9,700 shares.
• CLSA upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to a favorable consensus rating for the stock.
• Mitsubishi Estate's stock is currently trading down 0.8% at $21.42, with a market capitalization of $26.79 billion and a PE ratio of 20.60.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 9,700 shares, adropof75.1% from the July 31st total of 38,900 shares. Based on an average daily trading volume, of 101,300 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 101,300 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Mitsubishi Estate Stock Down 0.8%

Shares of OTCMKTS:MITEY traded down $0.17 during midday trading on Wednesday, hitting $21.42. 8,035 shares of the stock were exchanged, compared to its average volume of 56,920. 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 has a 52-week low of $12.78 and a 52-week high of $22.39. The business's fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $17.86. The company has a market capitalization of $26.79 billion, a PE ratio of 20.60 and a beta of 0.21.

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, beating the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a return on equity of 5.65% and a net margin of 12.09%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

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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