Mitsubishi Electric Co. (OTCMKTS:MIELF) Sees Large Decline in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 1,379,100 shares, a decline of 16.7% from the January 31st total of 1,654,600 shares. Based on an average trading volume of 20,200 shares, the days-to-cover ratio is currently 68.3 days.

Mitsubishi Electric Trading Up 6.2 %

OTCMKTS:MIELF traded up $1.07 on Friday, hitting $18.29. 1,963 shares of the company's stock traded hands, compared to its average volume of 6,870. Mitsubishi Electric has a 1 year low of $13.56 and a 1 year high of $18.70. The firm has a 50-day moving average price of $16.41 and a 200-day moving average price of $16.58. The company has a market cap of $39.27 billion, a PE ratio of 19.46 and a beta of 0.63.

Mitsubishi Electric Company Profile

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.