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

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 2,421,400 shares, a drop of 27.0% from the October 31st total of 3,316,500 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 284.9 days.

Mitsubishi Electric Stock Performance

MIELF remained flat at $17.41 on Friday. 181 shares of the company were exchanged, compared to its average volume of 2,069. The business has a 50-day moving average of $16.68 and a 200 day moving average of $16.51. The stock has a market capitalization of $37.38 billion, a P/E ratio of 18.52 and a beta of 0.63. Mitsubishi Electric has a 1-year low of $13.27 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.