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

Korea Electric Power Co. (NYSE:KEP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 690,000 shares, an increase of 181.6% from the November 30th total of 245,000 shares. Based on an average daily trading volume, of 160,300 shares, the short-interest ratio is currently 4.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KEP. Atomi Financial Group Inc. lifted its holdings in Korea Electric Power by 14.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock worth $106,000 after buying an additional 1,704 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Korea Electric Power by 9.3% during the second quarter. Sivia Capital Partners LLC now owns 23,310 shares of the utilities provider’s stock worth $165,000 after purchasing an additional 1,982 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Korea Electric Power by 114.7% in the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 3,386 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Korea Electric Power in the third quarter valued at approximately $35,000. Finally, Eagle Asset Management Inc. raised its holdings in Korea Electric Power by 11.9% during the third quarter. Eagle Asset Management Inc. now owns 48,153 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 5,131 shares in the last quarter.

Korea Electric Power Stock Performance

Shares of KEP traded down $0.07 during midday trading on Friday, hitting $6.94. The company had a trading volume of 413,189 shares, compared to its average volume of 123,706. Korea Electric Power has a 1 year low of $6.69 and a 1 year high of $9.55. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.24 and a current ratio of 0.43. The company’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $7.67.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Korea Electric Power from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th.

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.