Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) Sees Large Increase in Short Interest

Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 480,600 shares, a growth of 27.7% from the July 31st total of 376,300 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 400.5 days.

Chubu Electric Power Price Performance

OTCMKTS:CHUEF remained flat at $11.25 during trading hours on Friday. The stock’s fifty day simple moving average is $11.85 and its 200 day simple moving average is $12.30. Chubu Electric Power has a 1-year low of $10.33 and a 1-year high of $13.99.

Chubu Electric Power Company Profile

Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally. The company operates through three segments: JERA, Power Grid, and Miraiz. It generates electricity through geothermal, nuclear, hydroelectric, wind, biomass, and solar sources.