Short Interest in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Declines By 14.7%

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 8,420,600 shares, a drop of 14.7% from the November 30th total of 9,874,000 shares. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is currently 673.6 days.

Mitsubishi Heavy Industries Price Performance

Shares of OTCMKTS:MHVYF traded up $0.11 during trading hours on Friday, hitting $14.26. 961 shares of the company’s stock traded hands, compared to its average volume of 32,426. The company’s fifty day simple moving average is $14.75 and its two-hundred day simple moving average is $13.30. The company has a market cap of $48.10 billion, a price-to-earnings ratio of 33.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 1.20. Mitsubishi Heavy Industries has a 52 week low of $5.84 and a 52 week high of $16.09.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.