Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Up 14.4% in January

Mitsubishi Electric Co. (OTCMKTS:MIELF) saw a significant 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 short-interest ratio is currently 330.9 days.

Mitsubishi Electric Stock Down 0.4 %

MIELF traded down $0.06 on Friday, hitting $15.36. The company had a trading volume of 64,309 shares, compared to its average volume of 10,177. The company has a market cap of $32.98 billion, a PE ratio of 16.34 and a beta of 0.63. Mitsubishi Electric has a 12-month low of $13.56 and a 12-month high of $18.70. The business’s fifty day simple moving average is $16.81 and its 200 day simple moving average is $16.44.

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.