Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 25.3% in February

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,030,300 shares, a decline of 25.3% from the February 13th total of 1,379,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is currently 78.6 days.

Mitsubishi Electric Price Performance

Shares of OTCMKTS MIELF traded up $1.78 during midday trading on Friday, hitting $19.98. 2,560 shares of the company’s stock were exchanged, compared to its average volume of 6,489. The stock’s 50 day moving average price is $16.57 and its 200-day moving average price is $16.70. The firm has a market cap of $42.90 billion, a P/E ratio of 21.26 and a beta of 0.63. Mitsubishi Electric has a twelve month low of $13.56 and a twelve month high of $19.98.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. 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, large 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.