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

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 17,800 shares, a decline of 27.6% from the November 15th total of 24,600 shares. Based on an average daily volume of 126,800 shares, the short-interest ratio is currently 0.1 days.

Mitsubishi Electric Trading Down 2.2 %

MIELY traded down $0.79 during midday trading on Friday, hitting $34.51. 27,738 shares of the company were exchanged, compared to its average volume of 74,858. The company’s 50 day simple moving average is $33.60 and its 200 day simple moving average is $32.96. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 18.78 and a beta of 0.61. Mitsubishi Electric has a 1-year low of $25.27 and a 1-year high of $38.48.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.