Mitsubishi Electric Co. (OTCMKTS:MIELF) Sees Large Decrease in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,379,100 shares, a decline 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 currently 68.3 days.

Mitsubishi Electric Price Performance

MIELF remained flat at $15.62 on Wednesday. 26 shares of the company’s stock traded hands, compared to its average volume of 7,420. The business has a 50-day simple moving average of $16.40 and a two-hundred day simple moving average of $16.55. The firm has a market cap of $33.54 billion, a price-to-earnings ratio of 16.62 and a beta of 0.63. Mitsubishi Electric has a twelve month low of $13.56 and a twelve month high of $18.70.

Mitsubishi Electric Company Profile

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.