Mitsubishi Estate Co. (OTCMKTS:MITEY) Short Interest Up 109.3% in June

Mitsubishi Estate Co. (OTCMKTS:MITEY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,404 shares, an increase of 109.3% from the May 31st total of 5,927 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 161,363 shares, the short-interest ratio is presently 0.1 days.

Mitsubishi Estate Stock Performance

Shares of MITEY stock traded down $0.27 during midday trading on Tuesday, hitting $25.61. The company had a trading volume of 32,674 shares, compared to its average volume of 59,363. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 21.52 and a beta of 0.12. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.97 and a quick ratio of 1.39. The company’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $27.35. Mitsubishi Estate has a 52-week low of $17.23 and a 52-week high of $35.17.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.