The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) Sees Large Increase in Short Interest

The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 9,500 shares, an increase of 763.6% from the June 15th total of 1,100 shares. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is currently 0.2 days.

Kansai Electric Power Price Performance

Shares of OTCMKTS:KAEPY traded up $0.24 during midday trading on Friday, reaching $8.55. The company had a trading volume of 11,729 shares, compared to its average volume of 8,852. Kansai Electric Power has a 1-year low of $7.76 and a 1-year high of $8.97. The business’s 50 day moving average price is $7.09 and its 200 day moving average price is $6.66.

About Kansai Electric Power

The Kansai Electric Power Company, Incorporated engages in electricity, gas and heat supply, and telecommunication businesses in Japan. It operates through four segments: Energy Business, Power Transmission and Distribution Business, Information and Communication Business, and Life and Business Solution Business.