Korea Electric Power Co. (NYSE:KEP) Short Interest Up 5.2% in January

Korea Electric Power Co. (NYSE:KEP) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 714,800 shares, an increase of 5.2% from the January 15th total of 679,300 shares. Based on an average trading volume of 203,600 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st.

Korea Electric Power Stock Performance

Shares of KEP stock opened at $7.37 on Tuesday. The stock has a market cap of $9.46 billion, a PE ratio of 3.41 and a beta of 1.04. The business has a 50-day simple moving average of $7.16 and a 200-day simple moving average of $7.66. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. Korea Electric Power has a 52-week low of $6.68 and a 52-week high of $9.55.

Hedge Funds Weigh In On Korea Electric Power

A number of large investors have recently bought and sold shares of the business. Two Sigma Investments LP raised its holdings in Korea Electric Power by 84.4% in the 4th quarter. Two Sigma Investments LP now owns 30,809 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 14,100 shares during the period. Millennium Management LLC raised its holdings in Korea Electric Power by 65.3% in the 4th quarter. Millennium Management LLC now owns 209,626 shares of the utilities provider’s stock worth $1,442,000 after purchasing an additional 82,775 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Korea Electric Power by 45.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,594 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 19,848 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Korea Electric Power in the 4th quarter worth about $271,000. Finally, Northern Trust Corp increased its stake in Korea Electric Power by 642.2% during the 4th quarter. Northern Trust Corp now owns 383,704 shares of the utilities provider’s stock worth $2,640,000 after buying an additional 332,009 shares in the last quarter.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.