Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Sees Large Increase in Short Interest

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 13,100 shares, a growth of 773.3% from the November 30th total of 1,500 shares. Based on an average daily volume of 175,200 shares, the days-to-cover ratio is currently 0.1 days.

Mitsubishi Estate Stock Performance

Shares of OTCMKTS:MITEY traded up $0.04 during midday trading on Thursday, hitting $13.76. 122,842 shares of the stock were exchanged, compared to its average volume of 56,212. The business’s 50-day moving average price is $14.23 and its 200 day moving average price is $15.48. Mitsubishi Estate has a 12 month low of $12.96 and a 12 month high of $20.40. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.80 and a beta of 0.47.

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.