Short Interest in Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY) Drops By 60.8%

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

Kyushu Electric Power Trading Down 11.1%

KYSEY traded down $1.28 during trading on Friday, hitting $10.27. 1,581 shares of the stock were exchanged, compared to its average volume of 4,676. The firm has a 50 day simple moving average of $11.41 and a 200 day simple moving average of $11.44. Kyushu Electric Power has a 1 year low of $8.29 and a 1 year high of $14.06.

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