Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Up 32.6% in May

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 1,038,400 shares, a growth of 32.6% from the May 15th total of 783,400 shares. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is presently 54.7 days. Currently, 0.0% of the shares of the company are short sold.

Mitsubishi Electric Stock Performance

MIELF traded down $0.73 during trading on Tuesday, reaching $20.53. The company’s stock had a trading volume of 250 shares, compared to its average volume of 7,108. Mitsubishi Electric has a 52-week low of $13.56 and a 52-week high of $22.10. The company’s fifty day moving average price is $19.70 and its 200-day moving average price is $18.07. The company has a market capitalization of $44.07 billion, a price-to-earnings ratio of 21.84 and a beta of 0.63.

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.