Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 152,400 shares, a growth of 399.7% from the September 30th total of 30,500 shares. Based on an average trading volume of 333,600 shares, the days-to-cover ratio is presently 0.5 days.
Mitsubishi Electric Stock Performance
Shares of MIELY traded down $0.20 during trading hours on Friday, reaching $30.34. The company had a trading volume of 51,213 shares, compared to its average volume of 77,056. Mitsubishi Electric has a 12-month low of $22.54 and a 12-month high of $38.48. The firm has a 50 day simple moving average of $32.18 and a 200-day simple moving average of $32.95.
About Mitsubishi Electric
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