Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELY) Decreases By 88.0%

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,900 shares, a decrease of 88.0% from the January 15th total of 24,200 shares. Based on an average trading volume of 152,700 shares, the days-to-cover ratio is currently 0.0 days.

Mitsubishi Electric Stock Performance

Mitsubishi Electric stock traded down $0.36 during mid-day trading on Friday, hitting $31.28. The company's stock had a trading volume of 103,375 shares, compared to its average volume of 73,539. The company has a 50 day moving average of $33.35 and a 200-day moving average of $32.83. The stock has a market cap of $33.05 billion, a PE ratio of 16.64 and a beta of 0.61. Mitsubishi Electric has a one year low of $25.27 and a one year high of $38.48.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.