Korea Electric Power Co. (NYSE:KEP) Short Interest Up 6.6% in March

Korea Electric Power Co. (NYSE:KEP) was the recipient of 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 Performance

Korea Electric Power stock opened at $7.18 on Thursday. Korea Electric Power has a 12-month low of $5.93 and a 12-month high of $9.55. The company has a current ratio of 0.48, a quick ratio of 0.34 and a debt-to-equity ratio of 2.49. The business’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $7.45.

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

Institutional Trading of Korea Electric Power

Several hedge funds and other institutional investors have recently made changes to their positions in KEP. American Century Companies Inc. grew its holdings in shares of Korea Electric Power by 11.0% during the first quarter. American Century Companies Inc. now owns 51,431 shares of the utilities provider’s stock worth $479,000 after purchasing an additional 5,111 shares during the last quarter. US Bancorp DE lifted its stake in shares of Korea Electric Power by 75.2% in the first quarter. US Bancorp DE now owns 38,713 shares of the utilities provider’s stock worth $360,000 after acquiring an additional 16,618 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Korea Electric Power by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 24,702 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 1,246 shares during the period. Natixis Advisors L.P. acquired a new position in shares of Korea Electric Power in the first quarter worth approximately $278,000. Finally, Bank of Montreal Can acquired a new position in shares of Korea Electric Power in the first quarter worth approximately $3,736,000.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Korea Electric Power from a “sell” rating to a “buy” rating in a research 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.