Korea Electric Power Co. (NYSE:KEP – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 446,400 shares, a growth 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 presently 4.3 days.
Institutional Investors Weigh In On Korea Electric Power
Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of Korea Electric Power during the third quarter valued at $29,000. GAMMA Investing LLC lifted its holdings 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. Qube Research & Technologies Ltd bought a new position in shares of Korea Electric Power during the third quarter valued at $73,000. Orion Portfolio Solutions LLC bought a new position in shares of Korea Electric Power during the second quarter valued at $82,000. Finally, Drive Wealth Management LLC bought a new position in shares of Korea Electric Power during the fourth quarter valued at $85,000.
Korea Electric Power Stock Down 2.2 %
NYSE KEP opened at $7.18 on Thursday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.34 and a current ratio of 0.48. Korea Electric Power has a twelve month low of $5.93 and a twelve month high of $9.55. The stock’s 50 day moving average is $8.47 and its 200 day moving average is $7.45.
Analyst Ratings Changes
Separately, Citigroup upgraded Korea Electric Power from a “sell” rating to a “buy” rating in a research report on Monday, February 26th.
View Our Latest Stock Analysis on KEP
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.
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