Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,030,300 shares, a drop of 25.3% from the February 13th total of 1,379,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 13,100 shares, the short-interest ratio is currently 78.6 days.
Mitsubishi Electric Price Performance
Shares of Mitsubishi Electric stock traded down $0.23 during midday trading on Monday, hitting $19.75. The company had a trading volume of 20,558 shares, compared to its average volume of 6,921. The business’s 50 day simple moving average is $16.57 and its two-hundred day simple moving average is $16.70. The stock has a market cap of $42.41 billion, a PE ratio of 21.01 and a beta of 0.63. Mitsubishi Electric has a 1-year low of $13.56 and a 1-year high of $20.75.
About Mitsubishi Electric
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