Short Interest in Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Declines By 97.0%

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 4,285 shares, a decline of 97.0% from the February 12th total of 143,365 shares. Based on an average daily trading volume, of 11,308 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 11,308 shares, the short-interest ratio is currently 0.4 days.

Kyushu Electric Power Price Performance

Shares of OTCMKTS KYSEY traded up $0.07 during mid-day trading on Tuesday, reaching $11.06. The company’s stock had a trading volume of 10,387 shares, compared to its average volume of 11,317. The stock has a 50-day moving average of $11.86 and a two-hundred day moving average of $10.62. Kyushu Electric Power has a 1-year low of $8.29 and a 1-year high of $14.06.

Analysts Set New Price Targets

Separately, Daiwa Securities Group downgraded Kyushu Electric Power to a “neutral” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kyushu Electric Power presently has an average rating of “Hold”.

Kyushu Electric Power Company Profile

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.