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

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,112 shares, a decline of 60.8% from the April 30th total of 5,384 shares. Based on an average daily trading volume, of 3,766 shares, the days-to-cover ratio is presently 0.6 days.

Kyushu Electric Power Price Performance

Shares of KYSEY stock traded down $0.21 on Monday, hitting $10.07. The stock had a trading volume of 2,694 shares, compared to its average volume of 4,649. Kyushu Electric Power has a 1 year low of $8.29 and a 1 year high of $14.06. The company’s 50 day moving average price is $11.39 and its 200-day moving average price is $11.45.

Kyushu Electric Power (OTCMKTS:KYSEY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share for 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.