Mitsubishi Electric Co. (OTCMKTS:MIELF) Sees Significant Increase in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a large increase in short interest in 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 trading volume of 5,000 shares, the days-to-cover ratio is currently 330.9 days.

Mitsubishi Electric Stock Performance

Shares of MIELF opened at $15.36 on Monday. Mitsubishi Electric has a 52 week low of $13.56 and a 52 week high of $18.70. The company’s 50 day moving average price is $16.81 and its 200 day moving average price is $16.44. The company has a market capitalization of $32.98 billion, a PE ratio of 16.34 and a beta of 0.63.

About Mitsubishi Electric

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.