Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Down 76.6% in May

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,000 shares, a decline of 76.6% from the May 15th total of 12,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 457,800 shares, the days-to-cover ratio is currently 0.0 days.

Mitsubishi Electric Price Performance

OTCMKTS MIELY traded up $0.48 during trading hours on Friday, hitting $40.88. 141,690 shares of the company's stock traded hands, compared to its average volume of 133,983. The firm's 50-day moving average is $38.65 and its 200-day moving average is $35.70. Mitsubishi Electric has a 52-week low of $25.27 and a 52-week high of $44.04. The company has a market capitalization of $43.19 billion, a PE ratio of 21.74 and a beta of 0.59.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.