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

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,094 shares, an increase of 132.7% from the July 30th total of 900 shares. Based on an average daily volume of 1,643 shares, the days-to-cover ratio is currently 1.3 days.

Kyushu Electric Power Price Performance

OTCMKTS KYSEY traded up $0.45 during trading hours on Friday, reaching $12.46. 244 shares of the company’s stock were exchanged, compared to its average volume of 3,566. The company’s 50-day moving average is $11.48 and its two-hundred day moving average is $11.54. Kyushu Electric Power has a one year low of $9.10 and a one year high of $14.06.

Kyushu Electric Power (OTCMKTS:KYSEY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $3.34 billion during the quarter.

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.