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

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 31,000 shares, an increase of 604.5% from the February 13th total of 4,400 shares. Based on an average daily trading volume, of 973,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Mitsubishi Electric Price Performance

OTCMKTS MIELY traded down $1.00 on Wednesday, hitting $34.45. The company had a trading volume of 73,888 shares, compared to its average volume of 158,732. The company has a market capitalization of $36.40 billion, a PE ratio of 18.32 and a beta of 0.57. Mitsubishi Electric has a 12-month low of $25.27 and a 12-month high of $38.48. The company’s fifty day moving average price is $32.80 and its 200-day moving average price is $33.09.

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.