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

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) saw a significant 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 daily volume of 30,261 shares, the days-to-cover ratio is presently 4.7 days. Based on an average daily volume of 30,261 shares, the days-to-cover ratio is presently 4.7 days.

Kyushu Electric Power Stock Down 0.4%

Shares of OTCMKTS:KYSEY opened at $12.98 on Friday. The business’s 50-day moving average is $11.76 and its 200 day moving average is $10.40. Kyushu Electric Power has a 1 year low of $8.29 and a 1 year high of $14.06.

Analyst Upgrades and Downgrades

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

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.