Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELY) Expands By 80.6%

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 56,000 shares, a growth of 80.6% from the February 28th total of 31,000 shares. Based on an average trading volume of 167,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Mitsubishi Electric Price Performance

Shares of OTCMKTS:MIELY traded down $1.28 during trading on Friday, hitting $37.40. The company had a trading volume of 53,507 shares, compared to its average volume of 143,300. The company has a fifty day simple moving average of $34.25 and a two-hundred day simple moving average of $33.66. Mitsubishi Electric has a one year low of $25.27 and a one year high of $41.79. The stock has a market cap of $39.52 billion, a price-to-earnings ratio of 19.89 and a beta of 0.57.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.