Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Large Increase in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 152,400 shares, a growth of 399.7% from the September 30th total of 30,500 shares. Based on an average daily trading volume, of 333,600 shares, the days-to-cover ratio is presently 0.5 days.

Mitsubishi Electric Stock Down 0.7 %

Shares of MIELY stock traded down $0.20 during mid-day trading on Friday, hitting $30.34. The stock had a trading volume of 51,213 shares, compared to its average volume of 77,056. The company’s 50-day simple moving average is $32.18 and its 200-day simple moving average is $32.95. Mitsubishi Electric has a fifty-two week low of $22.54 and a fifty-two week high of $38.48.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.