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

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 17,800 shares, a drop of 27.6% from the November 15th total of 24,600 shares. Based on an average daily trading volume, of 126,800 shares, the days-to-cover ratio is presently 0.1 days.

Mitsubishi Electric Stock Performance

MIELY stock traded down $0.79 during trading on Friday, reaching $34.51. The company had a trading volume of 27,738 shares, compared to its average volume of 74,858. Mitsubishi Electric has a twelve month low of $25.27 and a twelve month high of $38.48. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 18.78 and a beta of 0.61. The firm has a 50-day simple moving average of $33.60 and a 200-day simple moving average of $32.96.

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.