The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) Shares Shorted: Short Interest Up 174.1% in October

The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 951 shares, an increase of 174.1% from the September 30th total of 347 shares. Based on an average daily volume of 1,688 shares, the days-to-cover ratio is presently 0.6 days.

Kansai Electric Power Stock Performance

Kansai Electric Power stock remained flat at $8.56 during trading hours on Thursday. 836 shares of the company’s stock traded hands, compared to its average volume of 3,281. Kansai Electric Power has a twelve month low of $6.67 and a twelve month high of $9.99. The stock has a 50-day simple moving average of $8.78 and a 200-day simple moving average of $8.02.

Kansai Electric Power Company Profile

The Kansai Electric Power Company, Incorporated, commonly known as Kansai Electric Power or KEPCO, is a Japanese energy and utility company headquartered in Osaka. Established in 1951, the company provides electricity to households, businesses and industrial customers across Japan’s Kansai region, including Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama prefectures.

KEPCO’s operations include electricity generation, transmission and distribution, with a diversified portfolio that includes nuclear, thermal, hydroelectric and renewable power facilities.