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

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 significant growth in short interest in August. As of August 31st, there was short interest totaling 21,800 shares, a growth of 124.7% from the August 15th total of 9,700 shares. Based on an average daily volume of 46,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 46,000 shares, the short-interest ratio is currently 0.5 days.

Mitsubishi Estate Stock Up 0.8%

MITEY traded up $0.18 on Thursday, reaching $23.02. 19,043 shares of the company traded hands, compared to its average volume of 24,774. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 22.13 and a beta of 0.21. Mitsubishi Estate has a 52-week low of $12.78 and a 52-week high of $23.29. The stock's 50 day moving average price is $20.66 and its 200-day moving average price is $18.50.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.65%. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

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.