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

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,210,600 shares, a growth of 114.6% from the February 28th total of 1,030,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,500 shares, the short-interest ratio is presently 631.6 days.

Mitsubishi Electric Stock Performance

Shares of MIELF stock remained flat at $20.00 during trading hours on Friday. The stock had a trading volume of 5,045 shares, compared to its average volume of 6,357. Mitsubishi Electric has a one year low of $13.56 and a one year high of $20.75. The firm has a market capitalization of $42.94 billion, a price-to-earnings ratio of 21.28 and a beta of 0.63. The firm’s fifty day simple moving average is $17.25 and its 200 day simple moving average is $16.97.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. 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, large 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.