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

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,421,400 shares, a decline of 27.0% from the October 31st total of 3,316,500 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is presently 284.9 days.

Mitsubishi Electric Stock Performance

Mitsubishi Electric stock remained flat at $17.41 during mid-day trading on Friday. The company has a fifty day simple moving average of $16.72 and a two-hundred day simple moving average of $16.49. Mitsubishi Electric has a twelve month low of $13.27 and a twelve month high of $18.70. The firm has a market capitalization of $37.38 billion, a P/E ratio of 18.52 and a beta of 0.63.

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.