Korea Electric Power Corporation (NYSE:KEP) was the recipient of a significant growth in short interest during the month of September. As of September 29th, there was short interest totalling 1,836,822 shares, a growth of 162.1% from the September 15th total of 700,898 shares. Based on an average daily volume of 663,871 shares, the short-interest ratio is currently 2.8 days.

Korea Electric Power Corporation (NYSE:KEP) opened at 18.05 on Friday. Korea Electric Power Corporation has a one year low of $16.51 and a one year high of $23.03. The company has a 50-day moving average price of $17.54 and a 200-day moving average price of $18.84. The stock has a market cap of $23.17 billion, a P/E ratio of 6.00 and a beta of 0.47.

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Korea Electric Power Corporation in the first quarter worth about $120,000. Bessemer Group Inc. increased its stake in shares of Korea Electric Power Corporation by 140.4% in the second quarter. Bessemer Group Inc. now owns 7,991 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 4,667 shares during the period. Citigroup Inc. increased its stake in shares of Korea Electric Power Corporation by 29.8% in the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 2,201 shares during the period. Sciencast Management LP bought a new position in shares of Korea Electric Power Corporation in the second quarter worth about $181,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Korea Electric Power Corporation by 21.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,322 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 1,825 shares during the period. Institutional investors and hedge funds own 4.47% of the company’s stock.

A number of research analysts recently commented on the company. BidaskClub raised Korea Electric Power Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) downgraded Korea Electric Power Corporation from a “neutral” rating to a “sell” rating in a report on Tuesday, September 26th. Nomura reissued a “neutral” rating on shares of Korea Electric Power Corporation in a report on Monday, September 18th. HSBC Holdings plc raised Korea Electric Power Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Instinet downgraded Korea Electric Power Corporation from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold”.

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About Korea Electric Power Corporation

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

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