Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Significant Drop in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 30,500 shares, a decline of 24.9% from the September 15th total of 40,600 shares. Based on an average daily volume of 117,800 shares, the short-interest ratio is presently 0.3 days.

Mitsubishi Electric Price Performance

OTCMKTS MIELY traded down $0.25 on Friday, hitting $32.54. 159,559 shares of the stock traded hands, compared to its average volume of 70,771. The business’s fifty day moving average is $31.83 and its two-hundred day moving average is $33.05. Mitsubishi Electric has a 12 month low of $22.54 and a 12 month 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.