Short Interest in Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Declines By 23.5%

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 3,280 shares, a decline of 23.5% from the February 26th total of 4,285 shares. Based on an average trading volume of 6,413 shares, the days-to-cover ratio is currently 0.5 days.

Kyushu Electric Power Price Performance

Shares of OTCMKTS KYSEY opened at $11.34 on Tuesday. Kyushu Electric Power has a 1 year low of $8.29 and a 1 year high of $14.06. The firm has a 50-day moving average of $11.85 and a 200 day moving average of $10.93.

Analyst Upgrades and Downgrades

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

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.