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

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a large decrease in short interest in 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 trading volume of 113,900 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Mitsubishi Estate Trading Down 0.9 %

MITEY traded down $0.12 during trading on Friday, hitting $13.38. The stock had a trading volume of 278,632 shares, compared to its average volume of 48,371. Mitsubishi Estate has a 12 month low of $12.58 and a 12 month high of $20.40. The company has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $16.21. The firm has a market cap of $17.01 billion, a PE ratio of 14.39 and a beta of 0.48.

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.