Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Update

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,500 shares, a decline of 51.6% from the November 15th total of 3,100 shares. Based on an average daily volume of 256,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Mitsubishi Estate to a “strong-buy” rating in a research note on Friday, August 16th.

Mitsubishi Estate Stock Up 0.2 %

OTCMKTS:MITEY traded up $0.03 on Thursday, hitting $14.00. The stock had a trading volume of 89,893 shares, compared to its average volume of 53,032. The company has a fifty day moving average price of $14.68 and a two-hundred day moving average price of $15.68. Mitsubishi Estate has a 1-year low of $12.97 and a 1-year high of $20.40. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 15.02 and a beta of 0.47.

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.