Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Up 80.6% in March

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 56,000 shares, an increase of 80.6% from the February 28th total of 31,000 shares. Based on an average daily volume of 167,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Mitsubishi Electric Stock Down 3.3 %

Shares of MIELY traded down $1.28 during mid-day trading on Friday, hitting $37.40. 53,507 shares of the company’s stock were exchanged, compared to its average volume of 143,300. Mitsubishi Electric has a 52 week low of $25.27 and a 52 week high of $41.79. The stock’s 50-day simple moving average is $34.25 and its 200-day simple moving average is $33.67. The firm has a market cap of $39.52 billion, a price-to-earnings ratio of 19.89 and a beta of 0.57.

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.