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 daily trading volume, of 104,900 shares, the short-interest ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

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

Korea Electric Power Stock Up 2.6 %

NYSE:KEP opened at $7.50 on Tuesday. The stock has a 50 day simple moving average of $8.50 and a 200 day simple moving average of $7.45. 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 1-year low of $5.93 and a 1-year high of $9.55.

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

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Korea Electric Power by 137.9% during the 1st quarter. GAMMA Investing LLC now owns 5,522 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 3,201 shares during the period. Sivia Capital Partners LLC bought a new position in Korea Electric Power during the 4th quarter worth $152,000. Pathstone Holdings LLC bought a new position in Korea Electric Power during the 4th quarter worth $277,000. Barometer Capital Management Inc. bought a new position in Korea Electric Power during the 4th quarter worth $119,000. Finally, Cresset Asset Management LLC increased its stake in Korea Electric Power by 26.0% during the 4th quarter. Cresset Asset Management LLC now owns 20,538 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 4,238 shares during the period.

About Korea Electric Power

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.