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

The Kansai Electric Power Company, Incorporated (OTCMKTS:KAEPY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 15,400 shares, an increase of 1,611.1% from the December 31st total of 900 shares. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is presently 0.6 days.

Kansai Electric Power Price Performance

Shares of Kansai Electric Power stock traded up $0.04 during mid-day trading on Tuesday, hitting $5.70. 8,130 shares of the stock were exchanged, compared to its average volume of 13,646. Kansai Electric Power has a 12 month low of $5.10 and a 12 month high of $9.30. The company has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $7.50.

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.