Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 16.7% in January

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,446,500 shares, a decline of 16.7% from the December 31st total of 1,737,200 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is presently 498.8 days.

Mitsubishi Electric Price Performance

MIELF stock remained flat at $17.05 during mid-day trading on Monday. The company’s stock had a trading volume of 1,711 shares, compared to its average volume of 3,810. The stock has a market capitalization of $36.61 billion, a P/E ratio of 18.14 and a beta of 0.63. Mitsubishi Electric has a 1-year low of $13.39 and a 1-year high of $18.70. The company has a 50-day moving average price of $17.05 and a two-hundred day moving average price of $16.46.

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.