Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELF) Increases By 32.6%

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 1,038,400 shares, a growth of 32.6% from the May 15th total of 783,400 shares. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is presently 54.7 days. Currently, 0.0% of the shares of the company are sold short.

Mitsubishi Electric Stock Performance

Shares of MIELF remained flat at $20.53 on Friday. The stock had a trading volume of 71 shares, compared to its average volume of 7,108. The stock's 50 day moving average is $19.94 and its 200-day moving average is $18.14. The firm has a market cap of $44.07 billion, a price-to-earnings ratio of 21.84 and a beta of 0.63. Mitsubishi Electric has a 1-year low of $13.56 and a 1-year high of $22.10.

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.