Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Rating) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,488,900 shares, a growth of 50.4% from the March 31st total of 990,200 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 827.2 days.
Shares of Mitsubishi Electric stock traded up $0.04 on Friday, hitting $10.50. The company’s stock had a trading volume of 1,031 shares, compared to its average volume of 3,474. Mitsubishi Electric has a 1 year low of $10.35 and a 1 year high of $16.68. The firm has a fifty day moving average price of $11.36 and a 200-day moving average price of $12.47.
Mitsubishi Electric (OTCMKTS:MIELF – Get Rating) last posted its quarterly earnings data on Tuesday, February 1st. The company reported $0.19 EPS for the quarter. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.89 billion.
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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