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

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 926,388 shares, a decline of 69.7% from the August 31st total of 3,056,375 shares. Based on an average daily volume of 15,227 shares, the short-interest ratio is presently 60.8 days. Currently, 0.0% of the shares of the stock are sold short.

Mitsubishi Electric Stock Performance

Shares of OTCMKTS:MIELF traded up $1.29 during midday trading on Friday, hitting $33.79. The company’s stock had a trading volume of 13,456 shares, compared to its average volume of 11,639. The company has a market cap of $72.56 billion, a P/E ratio of 35.95 and a beta of 0.63. Mitsubishi Electric has a 12-month low of $25.03 and a 12-month high of $44.01. The business’s 50 day simple moving average is $34.54 and its 200 day simple moving average is $36.17.

About Mitsubishi Electric

Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.

Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.