Korea Electric Power Co. (NYSE:KEP) Short Interest Update

Korea Electric Power Co. (NYSE:KEP) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 847,800 shares, a growth of 89.2% from the May 15th total of 448,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 288,900 shares, the short-interest ratio is currently 2.9 days.

Korea Electric Power Stock Performance

Shares of Korea Electric Power stock traded up $0.18 during midday trading on Monday, hitting $10.40. The company had a trading volume of 365,600 shares, compared to its average volume of 191,060. The stock has a market cap of $13.35 billion, a PE ratio of 4.81 and a beta of 0.85. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $11.44. The business’s 50 day simple moving average is $9.69 and its two-hundred day simple moving average is $8.20. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Korea Electric Power from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 19th.

Hedge Funds Weigh In On Korea Electric Power

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of Korea Electric Power by 18.5% in the 1st quarter. AQR Capital Management LLC now owns 29,211 shares of the utilities provider’s stock valued at $216,000 after buying an additional 4,556 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Korea Electric Power by 37.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 54,194 shares of the utilities provider’s stock worth $402,000 after purchasing an additional 14,846 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Korea Electric Power by 3.8% in the 1st quarter. Vident Advisory LLC now owns 154,574 shares of the utilities provider’s stock worth $1,145,000 after purchasing an additional 5,726 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Korea Electric Power in the 1st quarter worth about $568,000. Finally, Compound Planning Inc. grew its holdings in shares of Korea Electric Power by 14.7% in the 1st quarter. Compound Planning Inc. now owns 16,105 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 2,065 shares during the last quarter.

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.