Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Update

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 6,100 shares, a decline of 65.7% from the November 30th total of 17,800 shares. Based on an average daily trading volume, of 117,400 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Electric Stock Performance

Shares of OTCMKTS MIELY traded up $0.10 during trading on Friday, reaching $33.94. The company had a trading volume of 47,144 shares, compared to its average volume of 74,924. Mitsubishi Electric has a 52 week low of $25.27 and a 52 week high of $38.48. The business’s 50 day moving average price is $33.88 and its 200-day moving average price is $32.90. The stock has a market cap of $36.44 billion, a PE ratio of 18.05 and a beta of 0.61.

About Mitsubishi Electric

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.