Kyushu Electric Power Company, Incorporated (OTCMKTS:KYSEY – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,280 shares, a decrease of 23.5% from the February 26th total of 4,285 shares. Based on an average daily trading volume, of 6,413 shares, the short-interest ratio is presently 0.5 days.
Kyushu Electric Power Stock Performance
Shares of KYSEY opened at $11.28 on Friday. Kyushu Electric Power has a 12 month low of $8.29 and a 12 month high of $14.06. The firm has a fifty day simple moving average of $11.85 and a 200 day simple moving average of $10.89.
Analysts Set New Price Targets
Separately, Daiwa Securities Group lowered Kyushu Electric Power to a “neutral” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently 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.
Further Reading
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