Short Interest in Korea Electric Power Corporation (NYSE:KEP) Expands By 21.3%

Korea Electric Power Corporation (NYSE:KEP) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 875,420 shares, an increase of 21.3% from the February 26th total of 721,918 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 990,237 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Korea Electric Power

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new position in Korea Electric Power in the 3rd quarter worth about $29,000. Rockefeller Capital Management L.P. raised its holdings in Korea Electric Power by 47.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the utilities provider’s stock worth $37,000 after buying an additional 724 shares during the period. TD Private Client Wealth LLC purchased a new stake in Korea Electric Power during the third quarter valued at about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Korea Electric Power in the fourth quarter worth about $45,000. Finally, Barclays PLC acquired a new position in shares of Korea Electric Power in the fourth quarter worth about $45,000.

Korea Electric Power Trading Down 8.2%

Korea Electric Power stock opened at $13.66 on Tuesday. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 2.91, a price-to-earnings-growth ratio of 0.05 and a beta of 0.88. Korea Electric Power has a 1 year low of $7.19 and a 1 year high of $23.41. The firm’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $17.02. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46.

Korea Electric Power (NYSE:KEP) last announced its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. The company had revenue of $13.61 billion for the quarter. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KEP shares. Weiss Ratings lowered Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Korea Electric Power

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.