The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decrease of 92.3% from the August 15th total of 1,300 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 0.0 days.
OTCMKTS:KAEPY traded down $0.09 on Wednesday, reaching $5.07. The stock had a trading volume of 115 shares, compared to its average volume of 2,229. The company has a 50-day moving average of $4.89 and a 200 day moving average of $4.99. The Kansai Electric Power has a 12-month low of $4.38 and a 12-month high of $5.82.
Separately, Daiwa Capital Markets downgraded The Kansai Electric Power from an “outperform” rating to a “neutral” rating in a report on Friday, September 3rd.
The Kansai Electric Power Co, Inc engages in the business of electric power, heat supply, telecommunications and gas supply services. It operates through the following segments: Electric Power Transmission and Distribution, Information and Telecommunications (IT), and Life and Business Solution. The Electric Power Transmission and Distribution segment covers electricity and gas supply, through fuel procurement, power generation, transmission and distribution and sales.
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