Short Interest in Korea Electric Power Co. (NYSE:KEP) Rises By 10.3%

Korea Electric Power Co. (NYSE:KEP) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 760,800 shares, an increase of 10.3% from the December 15th total of 690,000 shares. Based on an average daily volume of 182,700 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds and other institutional investors have recently made changes to their positions in KEP. State Street Corp raised its stake in Korea Electric Power by 0.9% during the 3rd quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after buying an additional 6,975 shares during the period. Stifel Financial Corp acquired a new stake in shares of Korea Electric Power during the third quarter worth about $96,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Korea Electric Power by 46.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock valued at $9,259,000 after purchasing an additional 380,145 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at approximately $855,000. Finally, Jane Street Group LLC acquired a new stake in Korea Electric Power during the 3rd quarter worth approximately $140,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Korea Electric Power from a “hold” rating to a “buy” rating in a report on Thursday, December 5th.

Korea Electric Power Trading Up 2.2 %

NYSE:KEP traded up $0.16 during mid-day trading on Monday, hitting $7.16. The company had a trading volume of 147,230 shares, compared to its average volume of 217,564. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Korea Electric Power has a fifty-two week low of $6.68 and a fifty-two week high of $9.55. The business’s fifty day moving average is $7.60 and its two-hundred day moving average is $7.66.

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.