Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) 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
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