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

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 21,644 shares, a decrease of 47.9% from the January 15th total of 41,573 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 208,059 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 208,059 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Mitsubishi Electric Price Performance

MIELY stock traded down $1.56 during midday trading on Friday, hitting $73.62. The stock had a trading volume of 122,552 shares, compared to its average volume of 93,876. The company’s 50-day moving average price is $62.84 and its 200 day moving average price is $55.52. The firm has a market cap of $77.79 billion, a PE ratio of 69.45 and a beta of 0.55. Mitsubishi Electric has a 12-month low of $29.94 and a 12-month high of $78.69.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.