Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Decreases By 51.6%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,500 shares, a drop of 51.6% from the November 15th total of 3,100 shares. Based on an average daily volume of 256,200 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Mitsubishi Estate to a “strong-buy” rating in a research report on Friday, August 16th.

Mitsubishi Estate Stock Down 0.6 %

Mitsubishi Estate stock traded down $0.09 on Friday, hitting $13.91. The company’s stock had a trading volume of 72,162 shares, compared to its average volume of 53,111. The company has a fifty day moving average price of $14.59 and a 200-day moving average price of $15.66. The firm has a market cap of $17.40 billion, a P/E ratio of 14.96 and a beta of 0.47. Mitsubishi Estate has a one year low of $12.97 and a one year high of $20.40.

About Mitsubishi Estate

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.