Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY – Get Rating) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 11,300 shares, a growth of 101.8% from the August 31st total of 5,600 shares. Based on an average daily volume of 443,600 shares, the short-interest ratio is presently 0.0 days.
Mitsubishi Estate Stock Performance
Shares of MITEY traded down $0.01 during mid-day trading on Wednesday, reaching $13.13. The company's stock had a trading volume of 101,373 shares, compared to its average volume of 114,806. Mitsubishi Estate has a 1-year low of $12.69 and a 1-year high of $18.50. The stock has a market cap of $18.27 billion, a P/E ratio of 11.42 and a beta of 0.52. The business has a 50-day simple moving average of $13.84 and a two-hundred day simple moving average of $14.29. The company has a current ratio of 2.15, a quick ratio of 1.60 and a debt-to-equity ratio of 1.27.
Get Mitsubishi Estate alerts:Mitsubishi Estate (OTCMKTS:MITEY – Get Rating) last released its quarterly earnings data on Friday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter. Mitsubishi Estate had a return on equity of 7.60% and a net margin of 13.27%. The company had revenue of $2.36 billion during the quarter.
Wall Street Analyst Weigh In
Separately, Mizuho raised Mitsubishi Estate from a "neutral" rating to a "buy" rating in a research report on Thursday, June 9th.Mitsubishi Estate Company Profile
(Get Rating)
Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities; investment, development, operational management, and asset management of logistics facilities; operation of 18 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.
Further Reading
- Get a free copy of the StockNews.com research report on Mitsubishi Estate (MITEY)
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