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

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 1,379,100 shares, a decrease of 16.7% from the January 31st total of 1,654,600 shares. Based on an average daily trading volume, of 20,200 shares, the days-to-cover ratio is presently 68.3 days.

Mitsubishi Electric Price Performance

Shares of OTCMKTS:MIELF remained flat at $15.62 during trading on Wednesday. 26 shares of the company were exchanged, compared to its average volume of 7,420. The company’s 50 day moving average price is $16.40 and its 200 day moving average price is $16.55. Mitsubishi Electric has a 1 year low of $13.56 and a 1 year high of $18.70. The stock has a market cap of $33.54 billion, a PE ratio of 16.62 and a beta of 0.63.

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.