Short Interest in Korea Electric Power Corporation (NYSE:KEP) Increases By 34.4%

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

Korea Electric Power Stock Performance

Shares of KEP stock opened at $16.26 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.31 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $19.78 and a two-hundred day simple moving average of $16.87. Korea Electric Power has a 12 month low of $7.19 and a 12 month high of $23.41. The firm has a market capitalization of $20.88 billion, a PE ratio of 3.46, a price-to-earnings-growth ratio of 0.05 and a beta of 0.88.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Tuesday, March 10th. The utilities provider reported $0.71 earnings per share for the quarter. The firm had revenue of $14.92 billion for the quarter, compared to analyst estimates of $16.37 billion. Korea Electric Power had a net margin of 8.80% and a return on equity of 18.76%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds have recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC bought a new position in shares of Korea Electric Power in the third quarter valued at approximately $1,017,000. American Century Companies Inc. boosted its position in shares of Korea Electric Power by 19.8% during the second quarter. American Century Companies Inc. now owns 530,743 shares of the utilities provider’s stock valued at $7,558,000 after buying an additional 87,682 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Korea Electric Power by 369.1% during the second quarter. Quadrant Capital Group LLC now owns 171,595 shares of the utilities provider’s stock worth $2,444,000 after buying an additional 135,017 shares in the last quarter. Summit Global Investments purchased a new stake in Korea Electric Power in the 2nd quarter valued at $631,000. Finally, Vise Technologies Inc. purchased a new stake in Korea Electric Power in the 2nd quarter valued at $283,000.

About Korea Electric Power

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.