Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 16.7% in January

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,446,500 shares, a decline of 16.7% from the December 31st total of 1,737,200 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 498.8 days.

Mitsubishi Electric Stock Performance

OTCMKTS MIELF remained flat at $17.05 during trading on Monday. 1,711 shares of the company were exchanged, compared to its average volume of 3,810. The company has a market capitalization of $36.61 billion, a price-to-earnings ratio of 18.14 and a beta of 0.63. Mitsubishi Electric has a 52-week low of $13.39 and a 52-week high of $18.70. The firm’s fifty day moving average is $17.05 and its 200-day moving average is $16.46.

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.