Short Interest in Korea Electric Power Co. (KEP) Decreases By 60.5%

Korea Electric Power Co. (NYSE:KEP) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 536,025 shares, a decline of 60.5% from the November 30th total of 1,358,201 shares. Based on an average daily trading volume, of 354,612 shares, the days-to-cover ratio is presently 1.5 days.

Several hedge funds and other institutional investors have recently modified their holdings of KEP. Oppenheimer Asset Management Inc. boosted its position in shares of Korea Electric Power by 34.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 2,014 shares in the last quarter. Citigroup Inc. boosted its position in shares of Korea Electric Power by 29.8% during the 2nd quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 2,201 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Korea Electric Power during the 2nd quarter worth $181,000. PNC Financial Services Group Inc. boosted its position in shares of Korea Electric Power by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock worth $185,000 after purchasing an additional 29 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Korea Electric Power by 35.4% during the 2nd quarter. D.A. Davidson & CO. now owns 10,760 shares of the utilities provider’s stock worth $193,000 after purchasing an additional 2,812 shares in the last quarter. Institutional investors own 4.74% of the company’s stock.

Several equities analysts have issued reports on the stock. Goldman Sachs Group cut shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 26th. Nomura reissued a “neutral” rating on shares of Korea Electric Power in a research note on Monday, September 18th. Instinet cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Finally, Morgan Stanley cut shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold”.

Shares of Korea Electric Power (NYSE:KEP) opened at $17.67 on Thursday. The company has a market cap of $22,610.00, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.82 and a beta of 0.50. Korea Electric Power has a 1 year low of $16.51 and a 1 year high of $21.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.63 and a current ratio of 0.92.

COPYRIGHT VIOLATION WARNING: “Short Interest in Korea Electric Power Co. (KEP) Decreases By 60.5%” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/01/04/short-interest-in-korea-electric-power-co-kep-decreases-by-60-5.html.

About Korea Electric Power

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.

Receive News & Ratings for Korea Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply