Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) Sees Significant Growth in Short Interest

Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,279,836 shares, an increase of 75.4% from the September 15th total of 729,524 shares. Based on an average daily trading volume, of 37 shares, the short-interest ratio is currently 34,590.2 days.

Chubu Electric Power Stock Performance

Shares of OTCMKTS CHUEF remained flat at $16.87 during midday trading on Thursday. The company’s 50-day simple moving average is $16.86 and its 200-day simple moving average is $16.92. Chubu Electric Power has a 12 month low of $13.60 and a 12 month high of $17.45.

About Chubu Electric Power

Chubu Electric Power Co, Inc is a Japanese electric utility headquartered in Nagoya, Aichi Prefecture. Established in 1951, the company has historically supplied electricity across Japan’s Chubu region, including Aichi, Gifu, Mie, Shizuoka and Nagano prefectures. Its operations serve residential, commercial and industrial customers.

The company’s activities include electricity generation, transmission and distribution, electricity retailing, and the development of renewable energy. Its generation portfolio includes thermal, hydroelectric, nuclear and renewable power assets, while its broader energy businesses include natural gas supply and energy-management services.

Chubu Electric Power also operates through businesses focused on grid operations and electricity retailing, as well as telecommunications, real estate and overseas energy projects.