Korea Electric Power Co. (NYSE:KEP) Short Interest Down 5.5% in October

Korea Electric Power Co. (NYSE:KEP) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 184,600 shares, a decrease of 5.5% from the October 15th total of 195,400 shares. Based on an average daily trading volume, of 103,200 shares, the short-interest ratio is currently 1.8 days.

Korea Electric Power Stock Up 1.4 %

KEP stock opened at $8.69 on Wednesday. The company’s 50 day moving average price is $7.93 and its 200 day moving average price is $7.60. Korea Electric Power has a fifty-two week low of $6.69 and a fifty-two week high of $9.55. 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 (NYSE:KEP) last announced its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.04 EPS for the quarter. The company had revenue of $14.93 billion for the quarter. Korea Electric Power had a net margin of 2.95% and a return on equity of 6.93%.

Institutional Trading of Korea Electric Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Korea Electric Power by 46.8% in 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 acquiring an additional 380,145 shares during the last quarter. State Street Corp increased its stake in Korea Electric Power by 0.9% in the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock valued at $5,796,000 after purchasing an additional 6,975 shares during the last quarter. American Century Companies Inc. raised its holdings in Korea Electric Power by 11.8% during the second quarter. American Century Companies Inc. now owns 339,562 shares of the utilities provider’s stock worth $2,407,000 after purchasing an additional 35,973 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Korea Electric Power by 2.7% during the 1st quarter. Russell Investments Group Ltd. now owns 329,161 shares of the utilities provider’s stock worth $2,742,000 after buying an additional 8,630 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Korea Electric Power in the 3rd quarter valued at $855,000.

Analysts Set New Price Targets

Separately, StockNews.com lowered Korea Electric Power from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.