Korea Electric Power Co. (NYSE:KEP - Get Free Report) saw 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. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 288,900 shares, the short-interest ratio is currently 2.9 days.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.
Check Out Our Latest Analysis on Korea Electric Power
Korea Electric Power Stock Performance
NYSE KEP traded down $0.48 during trading hours on Friday, hitting $10.23. The company had a trading volume of 576,901 shares, compared to its average volume of 190,059. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.43. Korea Electric Power has a 1-year low of $6.68 and a 1-year high of $11.44. The company has a market cap of $13.13 billion, a PE ratio of 4.73 and a beta of 0.85. The business has a 50 day moving average of $9.69 and a 200-day moving average of $8.20.
Korea Electric Power (NYSE:KEP - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. Korea Electric Power had a net margin of 4.03% and a return on equity of 9.64%. The company had revenue of $16.82 billion during the quarter, compared to the consensus estimate of $17.04 billion.
Institutional Investors Weigh In On Korea Electric Power
Institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Capital Advisors Inc. raised its holdings in shares of Korea Electric Power by 443.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider's stock valued at $43,000 after buying an additional 5,151 shares during the last quarter. Wealthstream Advisors Inc. purchased a new stake in shares of Korea Electric Power in the fourth quarter valued at about $71,000. XTX Topco Ltd purchased a new stake in shares of Korea Electric Power in the fourth quarter valued at about $78,000. Virtu Financial LLC purchased a new stake in shares of Korea Electric Power in the first quarter valued at about $83,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Korea Electric Power in the fourth quarter valued at about $89,000.
About Korea Electric Power
(
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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.
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