Short Interest in Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Declines By 84.8%

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 5,200 shares, a decline of 84.8% from the February 28th total of 34,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 161,100 shares, the short-interest ratio is currently 0.0 days.

Mitsubishi Estate Stock Down 2.9 %

Shares of OTCMKTS MITEY traded down $0.51 during midday trading on Wednesday, hitting $16.93. The stock had a trading volume of 28,385 shares, compared to its average volume of 88,003. Mitsubishi Estate has a 1 year low of $12.78 and a 1 year high of $20.40. The company has a market capitalization of $21.18 billion, a PE ratio of 16.44 and a beta of 0.41. The stock has a 50 day simple moving average of $14.78 and a 200-day simple moving average of $14.73.

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

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.