Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Sees Large Growth in Short Interest

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 1,198 shares, an increase of 25.8% from the March 31st total of 952 shares. Based on an average daily volume of 3,520 shares, the days-to-cover ratio is currently 0.3 days.

Kyushu Electric Power Price Performance

OTCMKTS:KYSEY traded up $0.29 on Friday, hitting $10.85. The company had a trading volume of 1,226 shares, compared to its average volume of 5,532. The firm has a 50 day moving average of $11.72 and a two-hundred day moving average of $11.26. Kyushu Electric Power has a 52 week low of $8.29 and a 52 week high of $14.06.

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.