Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 926,388 shares, a decrease of 69.7% from the August 31st total of 3,056,375 shares. Based on an average daily trading volume, of 15,227 shares, the short-interest ratio is presently 60.8 days. Approximately 0.0% of the shares of the company are short sold.
Mitsubishi Electric Stock Performance
MIELF stock opened at $33.79 on Friday. The stock has a fifty day moving average of $34.54 and a 200-day moving average of $36.16. Mitsubishi Electric has a fifty-two week low of $25.03 and a fifty-two week high of $44.01. The company has a market capitalization of $72.56 billion, a price-to-earnings ratio of 35.95 and a beta of 0.63.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.
Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.
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