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

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,253,100 shares, a drop of 37.1% from the March 31st total of 1,991,600 shares. Based on an average trading volume of 20,500 shares, the short-interest ratio is presently 61.1 days. Currently, 0.1% of the company's stock are short sold.

Mitsubishi Electric Price Performance

OTCMKTS MIELF remained flat at $19.08 on Friday. The company's stock had a trading volume of 140 shares, compared to its average volume of 4,989. Mitsubishi Electric has a 1 year low of $13.56 and a 1 year high of $20.75. The firm has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $17.28. The company has a market capitalization of $40.97 billion, a P/E ratio of 20.30 and a beta of 0.63.

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.