Short Interest in Korea Electric Power Corporation (NYSE:KEP) Rises By 34.4%

Korea Electric Power Corporation (NYSE:KEP) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 721,918 shares, a growth of 34.4% from the February 12th total of 537,332 shares. Based on an average daily volume of 674,943 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 674,943 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

Several research firms recently weighed in on KEP. Weiss Ratings downgraded Korea Electric Power from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised shares of Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. Finally, Wall Street Zen lowered shares of Korea Electric Power from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Korea Electric Power presently has a consensus rating of “Hold”.

Korea Electric Power Stock Performance

Shares of KEP stock traded up $0.04 on Monday, reaching $16.26. 829,292 shares of the stock were exchanged, compared to its average volume of 733,650. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $19.81 and a two-hundred day moving average of $16.86. Korea Electric Power has a 1-year low of $7.19 and a 1-year high of $23.41.

Korea Electric Power (NYSE:KEP) last issued its earnings results on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.The firm had revenue of $14.92 billion for the quarter, compared to analysts’ expectations of $16.37 billion.

Institutional Trading of Korea Electric Power

A number of institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in Korea Electric Power in the third quarter valued at approximately $29,000. TD Private Client Wealth LLC purchased a new stake in Korea Electric Power during the third quarter worth approximately $33,000. Global Retirement Partners LLC purchased a new stake in Korea Electric Power during the third quarter worth approximately $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Korea Electric Power in the fourth quarter worth $45,000. Finally, Barclays PLC purchased a new position in shares of Korea Electric Power in the 4th quarter valued at $45,000.

Korea Electric Power Company Profile

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.