Korea Electric Power Corporation (NYSE:KEP) Sees Significant Increase in Short Interest

Korea Electric Power Corporation (NYSE:KEP) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 875,420 shares, a growth of 21.3% from the February 26th total of 721,918 shares. Based on an average daily volume of 990,237 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Korea Electric Power by 47,424.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 375,442 shares of the utilities provider’s stock worth $4,900,000 after purchasing an additional 374,652 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Korea Electric Power by 1,172,236.7% in the 3rd quarter. Assetmark Inc. now owns 351,701 shares of the utilities provider’s stock valued at $4,590,000 after purchasing an additional 351,671 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Korea Electric Power by 26.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,514,228 shares of the utilities provider’s stock valued at $19,761,000 after purchasing an additional 312,680 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Korea Electric Power in the second quarter valued at about $3,448,000. Finally, Lazard Asset Management LLC purchased a new stake in Korea Electric Power during the third quarter worth about $2,821,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen cut Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Bank of America lowered shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings raised shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Korea Electric Power Price Performance

Shares of NYSE:KEP opened at $14.24 on Wednesday. Korea Electric Power has a 52 week low of $7.19 and a 52 week high of $23.41. The company has a 50-day moving average price of $19.14 and a 200 day moving average price of $17.03. The company has a market cap of $18.28 billion, a P/E ratio of 3.03, a PEG ratio of 0.04 and a beta of 0.88. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.70.

Korea Electric Power (NYSE:KEP) last released its earnings results on Saturday, February 14th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $13.61 billion for the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%.

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.