Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 24,400 shares, a growth of 162.4% from the December 15th total of 9,300 shares. Based on an average daily trading volume, of 200,700 shares, the days-to-cover ratio is presently 0.1 days.
Separately, Citigroup upgraded shares of Mitsubishi Estate from a “neutral” rating to a “buy” rating in a research note on Friday, November 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $20.00.
OTCMKTS MITEY opened at $14.17 on Friday. Mitsubishi Estate has a 1 year low of $13.34 and a 1 year high of $18.76. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 1.25. The stock has a market capitalization of $19.72 billion, a PE ratio of 14.46 and a beta of 0.64. The company’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $15.18.
Mitsubishi Estate Company Profile
Mitsubishi Estate Co, Ltd. engages in the real estate business. It operates through the following segments: Commercial Property, Residential, International, Investment Management, Architectural Design and Engineering; and Real Estate Services, and Other. The Commercial Property segment includes office building, retail facility, outlet mall, logistics facility, hotel, and airport operations.
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