Short Interest in Mitsubishi Estate Co. (OTCMKTS:MITEY) Rises By 124.7%

Key Points

• The short interest in Mitsubishi Estate Co. (OTCMKTS:MITEY) rose by 124.7% in August, growing from 9,700 shares to a total of 21,800 shares.
• CLSA has upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• The company reported a quarterly EPS of $0.20, exceeding estimates, although its revenue of $2.42 billion fell short of the projected $2.70 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 21,800 shares, an increase of 124.7% from the August 15th total of 9,700 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 46,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 46,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company's stock are sold short.

Analyst Ratings Changes

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

Mitsubishi Estate Price Performance

Shares of Mitsubishi Estate stock traded up $0.07 on Friday, reaching $22.86. The stock had a trading volume of 17,738 shares, compared to its average volume of 23,393. Mitsubishi Estate has a 1 year low of $12.78 and a 1 year high of $23.24. 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 business's 50 day moving average is $20.31 and its two-hundred day moving average is $18.27. The company has a market cap of $28.59 billion, a P/E ratio of 21.98 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS 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 business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.70 billion. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.