Mitsubishi Electric Co. (OTCMKTS:MIELY) Sees Significant Increase in Short Interest

Mitsubishi Electric Co. (OTCMKTS:MIELY - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 24,100 shares, anincreaseof193.9% from the July 15th total of 8,200 shares. Currently,0.0% of the company's stock are short sold. Based on an average trading volume of 64,900 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 64,900 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the company's stock are short sold.Get Mitsubishi Electric alerts:Wall Street Analysts Forecast GrowthRockwell Automation Poised to Gain From U.S. Tariffs & OnshoringSeparately, CLSA raised shares of Mitsubishi Electric to a "hold" rating in a report on Monday, August 4th.Read Our Latest Stock Analysis on Mitsubishi ElectricMitsubishi Electric Trading Down 0.6%OTCMKTS:MIELY traded down $0.31 during mid-day trading on Friday, hitting $49.35. The stock had a trading volume of 49,312 shares, compared to its average volume of 115,805. The stock has a 50-day simple moving average of $43.78 and a two-hundred day simple moving average of $38.93. The company has a market capitalization of $52.14 billion, a PE ratio of 26.25 and a beta of 0.63. Mitsubishi Electric has a twelve month low of $29.80 and a twelve month high of $50.85. Mitsubishi Electric Company Profile (Get Free Report)Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. 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, 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.Further ReadingFive stocks we like better than Mitsubishi ElectricStock Splits, Do They Really Impact Investors?MarketBeat Week in Review – 08/11 - 08/15How to Start Investing in Real Estate3 Restaurant Stocks That Will Outperform in Q3 and Q4CD Calculator: Certificate of Deposit Calculator The Midstream Energy Play That Keeps Powering HigherThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mitsubishi Electric Right Now?Before you consider Mitsubishi Electric, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Electric wasn't on the list.While Mitsubishi Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here