Korea Electric Power Co. (NYSE:KEP) Sees Large Drop in Short Interest

Korea Electric Power Co. (NYSE:KEP) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 374,400 shares, a drop of 16.1% from the March 31st total of 446,400 shares. Based on an average daily volume of 115,100 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analyst Weigh In

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

Korea Electric Power Stock Up 0.5 %

KEP opened at $7.71 on Friday. Korea Electric Power has a 52 week low of $5.93 and a 52 week high of $9.55. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.34 and a current ratio of 0.48. The business has a fifty day simple moving average of $8.45 and a 200-day simple moving average of $7.51.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in Korea Electric Power by 442,500.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 4,425 shares during the period. GAMMA Investing LLC increased its stake in Korea Electric Power by 137.9% in the 1st 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. Drive Wealth Management LLC acquired a new position in Korea Electric Power during the fourth quarter worth about $85,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Korea Electric Power during the third quarter valued at approximately $118,000. Finally, Barometer Capital Management Inc. acquired a new stake in Korea Electric Power in the 4th quarter worth about $119,000.

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.