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

Mitsubishi Electric Co. (OTCMKTS:MIELYGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 33,200 shares, a growth of 46.9% from the April 15th total of 22,600 shares. Based on an average trading volume of 366,500 shares, the short-interest ratio is presently 0.1 days.

Shares of OTCMKTS MIELY opened at $22.00 on Friday. The business has a fifty day moving average price of $21.95 and a two-hundred day moving average price of $24.34. Mitsubishi Electric has a fifty-two week low of $20.08 and a fifty-two week high of $33.20.

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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