Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Shares Shorted: Short Interest Down 55.2% in September

Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,438 shares, a decrease of 55.2% from the August 31st total of 3,211 shares. Based on an average trading volume of 3,270 shares, the days-to-cover ratio is presently 0.4 days.

Kyushu Electric Power Price Performance

KYSEY stock traded up $0.63 during mid-day trading on Wednesday, hitting $13.50. 1,459 shares of the company were exchanged, compared to its average volume of 3,393. The firm has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $11.78. Kyushu Electric Power has a twelve month low of $9.80 and a twelve month high of $19.00.

Kyushu Electric Power (OTCMKTS:KYSEY) last issued its earnings results on Friday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $3.34 billion during the quarter.

About Kyushu Electric Power

Kyushu Electric Power Co, Inc is a Japanese electric utility that generates, transmits and distributes electricity primarily across Kyushu, Japan’s southwestern main island. The company serves residential, commercial and industrial customers through electricity retail and related energy services.

Its generation portfolio includes nuclear, thermal, hydroelectric and renewable energy facilities. Kyushu Electric Power has also pursued solar, wind and other lower-carbon energy projects, while maintaining and modernizing the regional power infrastructure needed to deliver electricity reliably.

Founded in 1951 following the reorganization of Japan’s electric power industry, the company has expanded beyond its core utility operations into areas including telecommunications, information technology, environmental and energy-related services, and overseas business activities.