Mitsubishi Electric Co. (OTCMKTS:MIELY) Short Interest Down 65.7% in December

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 6,100 shares, a decrease of 65.7% from the November 30th total of 17,800 shares. Based on an average daily volume of 117,400 shares, the short-interest ratio is currently 0.1 days.

Mitsubishi Electric Stock Performance

Shares of MIELY traded up $0.51 during trading hours on Thursday, hitting $33.84. 35,048 shares of the company were exchanged, compared to its average volume of 75,036. The company has a market cap of $36.33 billion, a PE ratio of 18.00 and a beta of 0.61. The firm’s 50 day moving average is $33.83 and its 200-day moving average is $32.89. Mitsubishi Electric has a 52 week low of $25.27 and a 52 week high of $38.48.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.