Korea Electric Power Co. (NYSE:KEP) Short Interest Down 8.4% in September

Korea Electric Power Co. (NYSE:KEP) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 260,600 shares, a drop of 8.4% from the September 15th total of 284,400 shares. Based on an average trading volume of 111,900 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Korea Electric Power

Several institutional investors have recently bought and sold shares of KEP. American Century Companies Inc. increased its stake in shares of Korea Electric Power by 11.8% in the 2nd quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock valued at $2,407,000 after buying an additional 35,973 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Korea Electric Power by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 329,161 shares of the utilities provider’s stock valued at $2,742,000 after buying an additional 8,630 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Korea Electric Power by 24.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 71,471 shares of the utilities provider’s stock valued at $506,000 after buying an additional 14,136 shares during the period. Sei Investments Co. acquired a new stake in shares of Korea Electric Power in the 2nd quarter valued at $462,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Korea Electric Power by 10.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 51,570 shares of the utilities provider’s stock valued at $430,000 after buying an additional 4,842 shares during the period.

Analyst Ratings Changes

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

Korea Electric Power Trading Down 0.9 %

Shares of KEP opened at $7.52 on Wednesday. The stock has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $7.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.24 and a current ratio of 0.37. Korea Electric Power has a 52-week low of $5.93 and a 52-week high of $9.55. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 22.10 and a beta of 1.01.

Korea Electric Power (NYSE:KEP) last issued its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter. Korea Electric Power had a return on equity of 6.93% and a net margin of 2.95%. The firm had revenue of $14.93 billion during the 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.