Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) Sees Significant Drop in Short Interest

Chubu Electric Power Company, Incorporated (OTCMKTS:CHUEF) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 424,400 shares, a decline of 8.5% from the August 31st total of 463,700 shares. Based on an average trading volume of 17,600 shares, the short-interest ratio is currently 24.1 days.

Chubu Electric Power Stock Performance

Shares of CHUEF stock opened at $11.94 on Tuesday. The firm’s 50 day moving average price is $11.90 and its 200-day moving average price is $12.33. Chubu Electric Power has a one year low of $10.33 and a one year high of $13.99.

About Chubu Electric Power

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.