Korea Electric Power Co. (NYSE:KEP) Short Interest Up 10.3% in December

Korea Electric Power Co. (NYSE:KEP) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 760,800 shares, a growth of 10.3% from the December 15th total of 690,000 shares. Based on an average daily volume of 182,700 shares, the short-interest ratio is presently 4.2 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Korea Electric Power

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of 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. Stifel Financial Corp bought a new stake in shares of Korea Electric Power during the 3rd quarter worth about $96,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 buying an additional 380,145 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Korea Electric Power in the 3rd quarter valued at about $855,000. Finally, Jane Street Group LLC acquired a new stake in Korea Electric Power during the third quarter worth approximately $140,000.

Korea Electric Power Price Performance

NYSE:KEP traded up $0.16 during mid-day trading on Monday, hitting $7.16. The stock had a trading volume of 147,230 shares, compared to its average volume of 217,564. Korea Electric Power has a twelve month low of $6.68 and a twelve month high of $9.55. The company has a current ratio of 0.43, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The company’s 50 day simple moving average is $7.60 and its 200 day simple moving average is $7.66.

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.