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

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 21,644 shares, a decrease of 47.9% from the January 15th total of 41,573 shares. Based on an average daily trading volume, of 208,059 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 208,059 shares, the days-to-cover ratio is currently 0.1 days.

Mitsubishi Electric Price Performance

OTCMKTS MIELY traded down $1.31 during mid-day trading on Thursday, reaching $75.00. The stock had a trading volume of 56,681 shares, compared to its average volume of 91,608. The stock has a market cap of $79.25 billion, a PE ratio of 70.75 and a beta of 0.55. Mitsubishi Electric has a 1 year low of $29.94 and a 1 year high of $78.69. The company has a fifty day moving average price of $62.48 and a 200 day moving average price of $55.38.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.