Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Up 32.6% in May

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is currently 54.7 days. Approximately 0.0% of the company's shares are short sold.

Mitsubishi Electric Price Performance

Shares of MIELF stock remained flat at $20.53 during trading on Wednesday. 67 shares of the company traded hands, compared to its average volume of 7,108. The business's fifty day moving average is $19.76 and its 200-day moving average is $18.08. Mitsubishi Electric has a twelve month low of $13.56 and a twelve month high of $22.10. The company has a market capitalization of $44.07 billion, a price-to-earnings ratio of 21.84 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.