Korea Electric Power Co. (NYSE:KEP) Sees Large Decrease in Short Interest

Korea Electric Power Co. (NYSE:KEP) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 260,600 shares, a decline of 8.4% from the September 15th total of 284,400 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Korea Electric Power from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Korea Electric Power Stock Performance

KEP stock opened at $7.46 on Friday. Korea Electric Power has a 1 year low of $5.93 and a 1 year high of $9.55. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 21.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.24 and a current ratio of 0.37. The stock’s fifty day moving average is $7.81 and its two-hundred day moving average is $7.55.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.04 earnings per share for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%. The firm had revenue of $14.93 billion for the quarter.

Institutional Trading of Korea Electric Power

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of Korea Electric Power by 137.9% during the first quarter. GAMMA Investing LLC now owns 5,522 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 3,201 shares in the last quarter. HB Wealth Management LLC acquired a new position in Korea Electric Power during the 1st quarter valued at about $85,000. Sequoia Financial Advisors LLC raised its position in shares of Korea Electric Power by 10.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock worth $430,000 after buying an additional 4,842 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Korea Electric Power by 10.7% in the 1st quarter. BNP Paribas Financial Markets now owns 30,899 shares of the utilities provider’s stock worth $257,000 after acquiring an additional 2,992 shares during the period. Finally, PDS Planning Inc boosted its holdings in shares of Korea Electric Power by 11.5% in the first quarter. PDS Planning Inc now owns 23,462 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 2,425 shares in the last quarter.

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.