Short Interest in Korea Electric Power Corporation (NYSE:KEP) Expands By 89.2%

Korea Electric Power Corporation (NYSE:KEP - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 847,800 shares, an increase 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 daily trading volume, of 288,900 shares, the days-to-cover ratio is currently 2.9 days.

Korea Electric Power Stock Performance

NYSE:KEP traded up $0.18 during midday trading on Tuesday, reaching $10.59. The stock had a trading volume of 1,421,010 shares, compared to its average volume of 197,379. The firm has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $8.22. Korea Electric Power has a 12-month low of $6.68 and a 12-month high of $11.44. The company has a quick ratio of 0.30, a current ratio of 0.46 and a debt-to-equity ratio of 2.14. The stock has a market cap of $13.60 billion, a P/E ratio of 5.30 and a beta of 0.85.

Institutional Investors Weigh In On Korea Electric Power

Several institutional investors have recently made changes to their positions in KEP. Atlas Capital Advisors Inc. boosted its position in shares of Korea Electric Power by 443.7% during the 4th quarter. Atlas Capital Advisors Inc. now owns 6,312 shares of the utilities provider's stock worth $43,000 after purchasing an additional 5,151 shares in the last quarter. Wealthstream Advisors Inc. purchased a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $71,000. XTX Topco Ltd purchased a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $78,000. Virtu Financial LLC purchased a new stake in shares of Korea Electric Power during the 1st quarter worth approximately $83,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Korea Electric Power during the 4th quarter worth approximately $89,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Korea Electric Power from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 19th.

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.