Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 25.3% in February

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,030,300 shares, a decline of 25.3% from the February 13th total of 1,379,100 shares. Based on an average daily trading volume, of 13,100 shares, the days-to-cover ratio is currently 78.6 days. Currently, 0.0% of the company’s stock are sold short.

Mitsubishi Electric Trading Up 9.8 %

Mitsubishi Electric stock traded up $1.78 during midday trading on Friday, hitting $19.98. The stock had a trading volume of 2,560 shares, compared to its average volume of 6,489. The stock has a market cap of $42.90 billion, a P/E ratio of 21.26 and a beta of 0.63. Mitsubishi Electric has a 12 month low of $13.56 and a 12 month high of $19.98. The business has a fifty day moving average price of $16.57 and a 200 day moving average price of $16.70.

About Mitsubishi Electric

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.