Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Sees Significant Decline in Short Interest

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,200 shares, a decline of 84.8% from the February 28th total of 34,300 shares. Based on an average trading volume of 161,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Mitsubishi Estate Trading Down 3.1 %

Shares of MITEY traded down $0.53 during trading hours on Friday, hitting $16.45. 28,609 shares of the stock traded hands, compared to its average volume of 85,860. The business has a fifty day moving average of $14.90 and a 200-day moving average of $14.74. The firm has a market capitalization of $20.57 billion, a PE ratio of 15.97 and a beta of 0.41. Mitsubishi Estate has a 1-year low of $12.78 and a 1-year high of $20.40.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Friday, February 7th. The company reported $0.28 earnings per share (EPS) for the quarter. Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%.

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.