Korea Electric Power Corporation (NYSE:KEP) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Korea Electric Power Trading Up 1.6%

Shares of KEP stock opened at $16.24 on Friday. Korea Electric Power has a 1-year low of $7.19 and a 1-year high of $23.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.46 and a quick ratio of 0.33. The stock has a 50-day moving average of $19.81 and a 200-day moving average of $16.83.

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

Institutional Investors Weigh In On Korea Electric Power

Large investors have recently modified their holdings of the company. AdvisorShares Investments LLC bought a new stake in Korea Electric Power during the third quarter valued at $1,017,000. American Century Companies Inc. grew its holdings in Korea Electric Power by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock worth $7,558,000 after acquiring an additional 87,682 shares during the period. Quadrant Capital Group LLC raised its position in shares of Korea Electric Power by 369.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 171,595 shares of the utilities provider’s stock worth $2,444,000 after acquiring an additional 135,017 shares in the last quarter. Summit Global Investments bought a new position in shares of Korea Electric Power in the 2nd quarter worth about $631,000. Finally, Vise Technologies Inc. acquired a new position in shares of Korea Electric Power in the 2nd quarter valued at about $283,000.

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.