Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Short Interest Up 349.4% in April

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,384 shares, a growth of 349.4% from the April 15th total of 1,198 shares. Based on an average daily volume of 5,803 shares, the days-to-cover ratio is presently 0.9 days.

Kyushu Electric Power Stock Performance

Shares of KYSEY traded up $0.47 during midday trading on Thursday, hitting $12.00. 6,043 shares of the company’s stock traded hands, compared to its average volume of 5,042. Kyushu Electric Power has a 1 year low of $8.29 and a 1 year high of $14.06. The firm’s fifty day moving average is $11.43 and its 200-day moving average is $11.34.

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

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.