Short Interest in Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Expands By 132.7%

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

Kyushu Electric Power Stock Performance

KYSEY traded up $0.11 during trading on Friday, hitting $12.46. 349 shares of the company traded hands, compared to its average volume of 3,543. The stock’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.55. Kyushu Electric Power has a 1 year low of $9.10 and a 1 year high of $14.06.

Kyushu Electric Power (OTCMKTS:KYSEY) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter. The company 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.