Mitsubishi Electric Co. Short Interest Drops Significantly in February

Mitsubishi Electric Co. (OTCMKTS:MIELF - Get Free Report) experienced a noticeable decline in short interest during February. As of February 28th, the short interest totaled 1,030,300 shares, marking a decrease of 25.3% from the February 13th figure of 1,379,100 shares. With an average daily trading volume of 13,100 shares, the current days-to-cover ratio stands at 78.6 days. Approximately 0.0% of the company's shares are currently sold short.

Mitsubishi Electric Stock Performance

In midday trading on Friday, Mitsubishi Electric's stock rose by 9.8%, reaching $19.98. The trading volume recorded was 2,560 shares, compared to its average volume of 6,489 shares. The company's market capitalization is $42.90 billion, with a price-to-earnings (P/E) ratio of 21.26 and a beta value of 0.63. Over the past year, the stock has attained a low of $13.56 and a high of $19.98. Currently, the fifty-day moving average price sits at $16.57, while the two-hundred-day moving average price is at $16.70.

About Mitsubishi Electric

Mitsubishi Electric Corporation is engaged in the development, manufacturing, distribution, and sale of electrical and electronic equipment across the globe. It operates through five key segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. The company provides a wide range of products including turbine generators, nuclear power plant equipment, motors, transformers, circuit breakers, surveillance systems, electrical equipment for locomotives, and various communications systems.

Mitsubishi, Electric, Stock