Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELY) Grows By 604.5%

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 31,000 shares, an increase of 604.5% from the February 13th total of 4,400 shares. Based on an average daily volume of 973,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Mitsubishi Electric Trading Down 2.8 %

MIELY stock traded down $1.00 during mid-day trading on Wednesday, reaching $34.45. The company’s stock had a trading volume of 73,888 shares, compared to its average volume of 158,732. Mitsubishi Electric has a fifty-two week low of $25.27 and a fifty-two week high of $38.48. The stock has a market cap of $36.40 billion, a PE ratio of 18.32 and a beta of 0.57. The company’s 50 day moving average is $32.80 and its two-hundred day moving average is $33.09.

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.