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

Posted by Donna Armstrong on May 29th, 2026

Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 44,918 shares, a decrease of 80.8% from the April 30th total of 234,322 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 186,220 shares, the days-to-cover ratio is currently 0.2 days.

Mitsubishi Electric Price Performance

Shares of MIELY stock traded down $1.32 during trading on Friday, reaching $81.81. The company’s stock had a trading volume of 65,865 shares, compared to its average volume of 125,293. The company has a market capitalization of $86.44 billion, a price-to-earnings ratio of 77.18 and a beta of 0.73. The stock’s 50-day moving average price is $74.94 and its 200 day moving average price is $67.56. Mitsubishi Electric has a 1-year low of $39.00 and a 1-year high of $86.00.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group upgraded Mitsubishi Electric from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research lowered Mitsubishi Electric from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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About Mitsubishi Electric

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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.