Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 15.8% in May

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 783,400 shares, a decrease of 15.8% from the April 30th total of 930,300 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 900 shares, the short-interest ratio is presently 870.4 days.

Mitsubishi Electric Stock Performance

Shares of OTCMKTS MIELF traded down $0.74 during midday trading on Thursday, reaching $20.75. 81,302 shares of the company's stock were exchanged, compared to its average volume of 6,748. The stock has a market capitalization of $44.55 billion, a PE ratio of 22.07 and a beta of 0.63. Mitsubishi Electric has a 52-week low of $13.56 and a 52-week high of $22.10. The business's fifty day moving average price is $19.06 and its two-hundred day moving average price is $17.85.

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.