Short Interest in Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Increases By 27,104.0%

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 143,365 shares, an increase of 27,104.0% from the January 29th total of 527 shares. Based on an average trading volume of 30,261 shares, the days-to-cover ratio is currently 4.7 days. Based on an average trading volume of 30,261 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Ratings Changes

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

Kyushu Electric Power Price Performance

Shares of OTCMKTS:KYSEY traded down $0.90 during midday trading on Wednesday, hitting $13.03. 3,127 shares of the stock were exchanged, compared to its average volume of 17,602. Kyushu Electric Power has a 52-week low of $8.29 and a 52-week high of $14.06. The business’s fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $10.37.

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.