Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELY) Declines By 47.9%

Mitsubishi Electric Co. (OTCMKTS:MIELY) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 21,644 shares, a decline of 47.9% from the January 15th total of 41,573 shares. Based on an average daily volume of 208,059 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 208,059 shares, the short-interest ratio is currently 0.1 days.

Mitsubishi Electric Price Performance

OTCMKTS MIELY opened at $73.80 on Friday. The business has a fifty day moving average price of $63.16 and a two-hundred day moving average price of $55.73. The stock has a market capitalization of $77.98 billion, a PE ratio of 69.62 and a beta of 0.55. Mitsubishi Electric has a fifty-two week low of $29.94 and a fifty-two week high of $78.69.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.