Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Large Decline in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 36,600 shares, a decrease of 35.9% from the March 15th total of 57,100 shares. Based on an average daily volume of 232,300 shares, the days-to-cover ratio is presently 0.2 days.

OTCMKTS MIELY opened at $21.40 on Friday. Mitsubishi Electric has a twelve month low of $21.11 and a twelve month high of $33.20. The stock has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $25.25.

Mitsubishi Electric Company Profile (Get Rating)

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, hydraulic 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.

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