Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Up 27.4% in February

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 27,577 shares, an increase of 27.4% from the January 29th total of 21,644 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 249,681 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 249,681 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Mitsubishi Electric Stock Performance

Shares of MIELY stock opened at $73.01 on Thursday. Mitsubishi Electric has a 1 year low of $30.89 and a 1 year high of $78.69. The firm has a market capitalization of $77.14 billion, a PE ratio of 68.88 and a beta of 0.55. The stock has a fifty day moving average of $67.04 and a two-hundred day moving average of $58.21.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.