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

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 20,600 shares, a drop 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 presently 0.2 days.

Analysts Set New Price Targets

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

Mitsubishi Estate Stock Down 0.9 %

OTCMKTS:MITEY traded down $0.12 during trading hours on Friday, hitting $13.38. 278,632 shares of the company traded hands, compared to its average volume of 72,141. Mitsubishi Estate has a one year low of $12.58 and a one year high of $20.40. The company has a market cap of $17.01 billion, a PE ratio of 19.11 and a beta of 0.48. The firm’s 50-day simple moving average is $15.50 and its 200-day simple moving average is $16.19.

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.