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

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,030,300 shares, a drop 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 volume of 13,100 shares, the days-to-cover ratio is presently 78.6 days.

Mitsubishi Electric Trading Down 1.0 %

Shares of OTCMKTS:MIELF traded down $0.21 during midday trading on Thursday, reaching $20.54. The company had a trading volume of 231 shares, compared to its average volume of 6,722. The stock has a market cap of $44.10 billion, a P/E ratio of 21.85 and a beta of 0.63. The company's 50 day moving average price is $16.85 and its 200 day moving average price is $16.80. Mitsubishi Electric has a 52-week low of $13.56 and a 52-week high of $20.75.

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.