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

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,654,600 shares, an increase of 14.4% from the January 15th total of 1,446,500 shares. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is presently 330.9 days.

Mitsubishi Electric Stock Performance

Mitsubishi Electric stock traded up $0.25 during midday trading on Thursday, reaching $15.70. The stock had a trading volume of 2,604 shares, compared to its average volume of 8,970. The firm's fifty day simple moving average is $16.70 and its 200-day simple moving average is $16.45. Mitsubishi Electric has a 1-year low of $13.56 and a 1-year high of $18.70. The stock has a market capitalization of $33.72 billion, a P/E ratio of 16.70 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.