Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Declines By 18.6%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 20,600 shares, a decrease of 18.6% from the October 15th total of 25,300 shares. Based on an average daily trading volume, of 113,900 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Mitsubishi Estate to a “strong-buy” rating in a report on Friday, August 16th.

Mitsubishi Estate Price Performance

MITEY stock traded down $0.12 during trading on Friday, reaching $13.38. The company had a trading volume of 278,511 shares, compared to its average volume of 48,371. Mitsubishi Estate has a 52 week low of $12.58 and a 52 week high of $20.40. The company has a market cap of $17.01 billion, a P/E ratio of 14.52 and a beta of 0.48. The business has a 50 day moving average of $15.56 and a 200 day moving average of $16.24.

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.