Short Interest in Mitsubishi Electric Co. (OTCMKTS:MIELF) Declines By 24.1%

Mitsubishi Electric Co. (OTCMKTS:MIELFGet Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,790,300 shares, a drop of 24.1% from the February 29th total of 2,358,900 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 4,475.8 days.

Mitsubishi Electric Stock Performance

Shares of OTCMKTS MIELF opened at $16.70 on Friday. The stock’s 50-day simple moving average is $15.35 and its 200-day simple moving average is $13.95. The firm has a market capitalization of $35.86 billion, a PE ratio of 18.76 and a beta of 0.65. Mitsubishi Electric has a fifty-two week low of $10.99 and a fifty-two week high of $16.92.

Mitsubishi Electric (OTCMKTS:MIELFGet Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $8.42 billion for the quarter.

Mitsubishi Electric Company Profile

(Get Free Report)

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.

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