Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELF) Rises By 31.0%

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 2,694,900 shares, a growth of 31.0% from the March 31st total of 2,056,500 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 3,849.9 days.

Mitsubishi Electric Stock Performance

OTCMKTS:MIELF remained flat at $16.04 during trading hours on Tuesday. The company’s stock had a trading volume of 121 shares, compared to its average volume of 863. Mitsubishi Electric has a 52-week low of $10.99 and a 52-week high of $16.92. The stock has a market capitalization of $34.45 billion, a PE ratio of 18.02 and a beta of 0.65. The company’s fifty day simple moving average is $16.07 and its 200 day simple moving average is $14.57.

Mitsubishi Electric (OTCMKTS:MIELF) last announced its earnings results on Monday, February 5th. The company reported $0.21 EPS for the quarter. The business had revenue of $8.42 billion for the quarter.

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.