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

Mitsubishi Estate logo with Finance background

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,500 shares, an increase of 255.8% from the March 15th total of 5,200 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is currently 0.3 days.

Mitsubishi Estate Stock Performance

OTCMKTS MITEY traded up $0.41 during trading on Friday, hitting $17.58. The stock had a trading volume of 70,729 shares, compared to its average volume of 86,269. The company has a market capitalization of $21.99 billion, a PE ratio of 17.07 and a beta of 0.27. Mitsubishi Estate has a 12 month low of $12.78 and a 12 month high of $19.63. The company's 50-day moving average price is $15.57 and its two-hundred day moving average price is $14.76.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.28 EPS for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.

About Mitsubishi Estate

(Get Free Report)

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.

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