Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Down 51.6% in November

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

Mitsubishi Estate Trading Down 0.6 %

Shares of Mitsubishi Estate stock traded down $0.09 during mid-day trading on Friday, reaching $13.91. 72,162 shares of the stock were exchanged, compared to its average volume of 53,111. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 14.96 and a beta of 0.47. Mitsubishi Estate has a fifty-two week low of $12.97 and a fifty-two week high of $20.40. The firm has a 50-day simple moving average of $14.59 and a 200 day simple moving average of $15.66.

Wall Street Analysts Forecast Growth

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

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.