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

Korea Electric Power Co. (NYSE:KEP) saw 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 volume of 160,300 shares, the days-to-cover ratio is presently 4.3 days.

Hedge Funds Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 period. American Century Companies Inc. raised its holdings 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 worth $2,407,000 after buying an additional 35,973 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in 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 in the last quarter. Sei Investments Co. bought a new stake in Korea Electric Power in the second quarter valued at $462,000. Finally, GAMMA Investing LLC raised its stake in Korea Electric Power by 114.7% during the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 3,386 shares in the last quarter.

Analysts Set New Price Targets

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

Korea Electric Power Stock Down 1.0 %

Shares of NYSE KEP opened at $6.94 on Friday. Korea Electric Power has a one year low of $6.69 and a one year high of $9.55. The business has a fifty day simple moving average of $7.96 and a 200 day simple moving average of $7.67. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.24 and a current ratio of 0.43.

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.