Mitsubishi Electric Co. (OTCMKTS:MIELF) Sees Significant Decrease in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a large decline in short interest during 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 daily trading volume, of 8,500 shares, the short-interest ratio is presently 284.9 days.

Mitsubishi Electric Stock Performance

Shares of Mitsubishi Electric stock remained flat at $17.41 during trading hours on Friday. The firm has a market capitalization of $37.38 billion, a P/E ratio of 18.52 and a beta of 0.63. The firm’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $16.49. Mitsubishi Electric has a 1 year low of $13.27 and a 1 year high of $18.70.

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.