Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Short Interest Up 926.4% in June

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 9,227 shares, an increase of 926.4% from the June 15th total of 899 shares. Based on an average trading volume of 6,108 shares, the days-to-cover ratio is currently 1.5 days.

Kyushu Electric Power Stock Performance

Kyushu Electric Power stock traded down $0.71 on Friday, hitting $10.11. 601 shares of the stock traded hands, compared to its average volume of 4,392. Kyushu Electric Power has a 1 year low of $9.10 and a 1 year high of $14.06. The business’s fifty day simple moving average is $10.91 and its 200 day simple moving average is $11.40.

About Kyushu Electric Power

Kyushu Electric Power Company, Incorporated in June 1951, is one of Japan’s ten regional electric utilities. Headquartered in Fukuoka, the company’s core business centers on the generation, transmission and distribution of electricity across the Kyushu region, which includes Fukuoka, Nagasaki, Kumamoto, Oita, Saga, Miyazaki and Kagoshima prefectures.

On the generation side, Kyushu Electric Power maintains a diversified portfolio that includes thermal power stations fueled by coal, oil and natural gas, multiple hydroelectric facilities, and the Sendai Nuclear Power Plant in Kagoshima Prefecture—Japan’s first nuclear plant to restart under post-Fukushima safety standards.