Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Up 31.0% in April

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,694,900 shares, a growth of 31.0% from the March 31st total of 2,056,500 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 3,849.9 days.

Mitsubishi Electric Price Performance

Shares of OTCMKTS:MIELF remained flat at $16.04 during mid-day trading on Tuesday. 121 shares of the stock were exchanged, compared to its average volume of 863. Mitsubishi Electric has a 52 week low of $10.99 and a 52 week high of $16.92. The firm has a market cap of $34.45 billion, a price-to-earnings ratio of 18.02 and a beta of 0.65. The firm’s fifty day simple moving average is $16.07 and its two-hundred day simple moving average is $14.57.

Mitsubishi Electric (OTCMKTS:MIELF) last released its quarterly earnings results on Monday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $8.42 billion for the quarter.

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.