Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELF) Expands By 114.6%

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,210,600 shares, a growth of 114.6% from the February 28th total of 1,030,300 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 631.6 days. Approximately 0.1% of the shares of the stock are sold short.

Mitsubishi Electric Price Performance

Shares of MIELF stock traded down $2.80 on Tuesday, reaching $17.20. 100 shares of the stock were exchanged, compared to its average volume of 6,181. The stock has a 50 day moving average price of $17.27 and a 200 day moving average price of $16.99. The stock has a market cap of $36.93 billion, a PE ratio of 18.30 and a beta of 0.63. Mitsubishi Electric has a one year low of $13.56 and a one year high of $20.75.

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.