Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Large Decrease in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 6,100 shares, a decline of 65.7% from the November 30th total of 17,800 shares. Based on an average daily volume of 117,400 shares, the short-interest ratio is presently 0.1 days.

Mitsubishi Electric Stock Up 0.3 %

Shares of MIELY traded up $0.10 during trading hours on Thursday, reaching $33.94. 47,144 shares of the company traded hands, compared to its average volume of 74,924. The business has a fifty day moving average price of $33.83 and a 200-day moving average price of $32.89. Mitsubishi Electric has a 12-month low of $25.27 and a 12-month high of $38.48. The stock has a market capitalization of $36.44 billion, a P/E ratio of 18.05 and a beta of 0.61.

About Mitsubishi Electric

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.