Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Significant Decline in Short Interest

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

Mitsubishi Electric Stock Performance

Shares of MIELY traded down $0.08 during mid-day trading on Friday, hitting $40.80. 32,736 shares of the stock were exchanged, compared to its average volume of 133,078. The company has a market cap of $43.11 billion, a PE ratio of 21.70 and a beta of 0.59. Mitsubishi Electric has a 52-week low of $25.27 and a 52-week high of $44.04. The firm has a 50-day moving average of $38.81 and a two-hundred day moving average of $35.77.

Mitsubishi Electric Company Profile

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.