Mitsubishi Electric Co. (OTCMKTS:MIELF) Short Interest Down 28.7% in November

Mitsubishi Electric Co. (OTCMKTS:MIELF) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 1,727,500 shares, a drop of 28.7% from the November 15th total of 2,421,400 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 617.0 days.

Mitsubishi Electric Stock Up 1.1 %

Shares of MIELF stock traded up $0.19 during mid-day trading on Friday, hitting $17.63. 720 shares of the company’s stock were exchanged, compared to its average volume of 2,083. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 18.55 and a beta of 0.63. Mitsubishi Electric has a fifty-two week low of $13.39 and a fifty-two week high of $18.70. The stock has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $16.47.

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.