Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELY) Decreases By 65.7%

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

Mitsubishi Electric Stock Performance

Shares of OTCMKTS:MIELY traded up $0.51 during midday trading on Thursday, reaching $33.84. The company had a trading volume of 35,048 shares, compared to its average volume of 75,036. The company has a fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $32.89. The firm has a market cap of $36.33 billion, a price-to-earnings ratio of 18.00 and a beta of 0.61. Mitsubishi Electric has a 1-year low of $25.27 and a 1-year high of $38.48.

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.