Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Short Interest Update

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 3,280 shares, a drop of 23.5% from the February 26th total of 4,285 shares. Based on an average daily trading volume, of 6,413 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Daiwa Securities Group cut 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, the stock currently has a consensus rating of “Hold”.

Kyushu Electric Power Stock Performance

Shares of OTCMKTS:KYSEY opened at $11.28 on Friday. Kyushu Electric Power has a twelve month low of $8.29 and a twelve month high of $14.06. The firm has a 50 day simple moving average of $11.85 and a 200-day simple moving average of $10.89.

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.