Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) Short Interest Down 21.6% in April

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 43,200 shares, a decline of 21.6% from the March 31st total of 55,100 shares. Based on an average daily volume of 111,500 shares, the short-interest ratio is currently 0.4 days.

Mitsubishi Estate Stock Performance

MITEY traded up $0.49 during mid-day trading on Friday, reaching $18.10. 55,392 shares of the company traded hands, compared to its average volume of 43,802. The stock has a market capitalization of $23.05 billion, a P/E ratio of 23.21 and a beta of 0.44. Mitsubishi Estate has a 52-week low of $11.20 and a 52-week high of $20.40. The company has a quick ratio of 1.46, a current ratio of 2.10 and a debt-to-equity ratio of 1.28. The company’s fifty day moving average price is $17.17 and its 200-day moving average price is $14.80.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings results on Friday, February 9th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $2.29 billion during the quarter. Mitsubishi Estate had a return on equity of 5.38% and a net margin of 10.08%.

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.