Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 28.7% in November

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,727,500 shares, a decline of 28.7% from the November 15th total of 2,421,400 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is presently 617.0 days.

Mitsubishi Electric Trading Up 1.1 %

Mitsubishi Electric stock traded up $0.19 during trading on Friday, hitting $17.63. The company had a trading volume of 720 shares, compared to its average volume of 2,083. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 18.55 and a beta of 0.63. The company’s 50 day simple moving average is $16.96 and its 200-day simple moving average is $16.47. Mitsubishi Electric has a 1-year low of $13.39 and a 1-year high of $18.70.

Mitsubishi Electric Company Profile

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.