Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Update

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 (OTCMKTS:MITEY) last posted its earnings results on Wednesday, November 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). Mitsubishi Estate had a return on equity of 6.81% and a net margin of 11.16%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. On average, research analysts anticipate that Mitsubishi Estate will post 0.98 EPS for the current year.

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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