Korea Electric Power Co. (NYSE:KEP) Sees Significant Growth in Short Interest

Korea Electric Power Co. (NYSE:KEP) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 446,400 shares, an increase of 6.6% from the March 15th total of 418,800 shares. Based on an average trading volume of 104,900 shares, the short-interest ratio is currently 4.3 days.

Korea Electric Power Stock Down 2.1 %

Korea Electric Power stock traded down $0.16 during mid-day trading on Wednesday, hitting $7.34. The stock had a trading volume of 135,524 shares, compared to its average volume of 164,559. The stock has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $7.46. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.48 and a quick ratio of 0.34. Korea Electric Power has a 12 month low of $5.93 and a 12 month high of $9.55.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 12th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $17.08 billion for the quarter. Korea Electric Power had a negative net margin of 5.65% and a negative return on equity of 13.27%.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in shares of Korea Electric Power in the 3rd quarter worth $29,000. GAMMA Investing LLC lifted its stake in Korea Electric Power by 137.9% in the first quarter. GAMMA Investing LLC now owns 5,522 shares of the utilities provider’s stock valued at $46,000 after buying an additional 3,201 shares during the period. Qube Research & Technologies Ltd bought a new position in Korea Electric Power during the third quarter worth about $73,000. Orion Portfolio Solutions LLC acquired a new position in shares of Korea Electric Power during the 2nd quarter worth about $82,000. Finally, Drive Wealth Management LLC acquired a new position in shares of Korea Electric Power during the 4th quarter worth about $85,000.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Korea Electric Power from a “sell” rating to a “buy” rating in a report on Monday, February 26th.

Korea Electric Power Company Profile

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.