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

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a large increase in short interest in 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 short-interest ratio is presently 1.3 days.

Kyushu Electric Power Price Performance

KYSEY stock traded up $0.11 during mid-day trading on Friday, reaching $12.46. 349 shares of the company traded hands, compared to its average volume of 3,543. The firm’s 50 day moving average price is $11.53 and its 200 day moving average price is $11.55. Kyushu Electric Power has a fifty-two week low of $9.10 and a fifty-two week high of $14.06.

Kyushu Electric Power (OTCMKTS:KYSEY) last posted its 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.