A Reversal for TOKYO ELECTRIC POWER CO INC ORDINARY SHA (OTCMKTS:TKECF) Is Not Near. The Stock Has Rise in Shorts

June 12, 2018 - By simple simple

The stock of TOKYO ELECTRIC POWER CO INC ORDINARY SHA (OTCMKTS:TKECF) registered an increase of 60.02% in short interest. TKECF’s total short interest was 3.90M shares in June as published by FINRA. Its up 60.02% from 2.44M shares, reported previously. With 6,200 shares average volume, it will take short sellers 629 days to cover their TKECF’s short positions. The short interest to TOKYO ELECTRIC POWER CO INC ORDINARY SHA’s float is 0.33%.

The stock decreased 2.37% or $0.11 during the last trading session, reaching $4.53. About 250 shares traded. Tokyo Electric Power Company Holdings, Incorporated (OTCMKTS:TKECF) has 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Tokyo Electric Power Company Holdings, Incorporated generates, transmits, distributes, and retails electric power in Japan and internationally. The company has market cap of $7.27 billion. The firm operates a portfolio of thermal, hydroelectric, and nuclear, as well as renewable energy power plants, including solar, wind, hydro, and geothermal power generation plants; and generates electricity through oil, coal, and uranium, as well as LNG, LPG, and natural gas. It has a 48.19 P/E ratio. The Company’s power grid comprises 40,000 kilometers of transmission lines.

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