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

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 12,800 shares, an increase of 77.8% from the April 30th total of 7,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 96,600 shares, the short-interest ratio is currently 0.1 days.

Mitsubishi Electric Stock Performance

Shares of OTCMKTS:MIELY traded down $0.43 during midday trading on Wednesday, reaching $41.37. The company's stock had a trading volume of 253,721 shares, compared to its average volume of 137,329. Mitsubishi Electric has a fifty-two week low of $25.27 and a fifty-two week high of $44.04. The firm has a 50 day moving average price of $37.87 and a two-hundred day moving average price of $35.37. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 22.01 and a beta of 0.59.

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.