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

Mitsubishi Electric Co. (OTCMKTS:MIELF) 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

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.