Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Update

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,421,400 shares, a drop of 27.0% from the October 31st total of 3,316,500 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 284.9 days.

Mitsubishi Electric Stock Performance

OTCMKTS:MIELF remained flat at $17.41 on Friday. 181 shares of the company's stock were exchanged, compared to its average volume of 2,069. Mitsubishi Electric has a 12-month low of $13.27 and a 12-month high of $18.70. The firm has a market capitalization of $37.38 billion, a price-to-earnings ratio of 18.52 and a beta of 0.63. The company has a 50 day moving average of $16.68 and a two-hundred day moving average of $16.51.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.