Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Up 77.8% in May

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 12,800 shares, a growth of 77.8% from the April 30th total of 7,200 shares. Based on an average daily volume of 96,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Mitsubishi Electric Stock Down 1.2%

MIELY traded down $0.48 during trading on Monday, reaching $39.78. 156,374 shares of the company's stock were exchanged, compared to its average volume of 132,312. Mitsubishi Electric has a fifty-two week low of $25.27 and a fifty-two week high of $44.04. The company has a market capitalization of $42.03 billion, a P/E ratio of 21.16 and a beta of 0.59. The business has a 50 day moving average price of $37.76 and a 200 day moving average price of $35.29.

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.