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

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,210,600 shares, an increase of 114.6% from the February 28th total of 1,030,300 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 631.6 days. Approximately 0.1% of the company’s stock are sold short.

Mitsubishi Electric Trading Up 5.3 %

Shares of MIELF traded up $1.00 on Friday, reaching $20.00. The company’s stock had a trading volume of 489 shares, compared to its average volume of 6,357. The stock has a market capitalization of $42.94 billion, a PE ratio of 21.28 and a beta of 0.63. Mitsubishi Electric has a twelve month low of $13.56 and a twelve month high of $20.75. The firm has a fifty day moving average of $17.25 and a 200-day moving average of $16.97.

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.