Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELF) Rises By 31.0%

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,694,900 shares, a growth of 31.0% from the March 31st total of 2,056,500 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 3,849.9 days.

Mitsubishi Electric Stock Performance

Shares of MIELF remained flat at $16.04 during mid-day trading on Tuesday. The company’s stock had a trading volume of 121 shares, compared to its average volume of 863. Mitsubishi Electric has a 52-week low of $10.99 and a 52-week high of $16.92. The stock’s 50 day moving average price is $16.07 and its two-hundred day moving average price is $14.57. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 18.02 and a beta of 0.65.

Mitsubishi Electric (OTCMKTS:MIELF) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $8.42 billion during the quarter.

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.