Korea Electric Power Corporation (NYSE:KEP) Short Interest Down 34.0% in February

Korea Electric Power Corporation (NYSE:KEP) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 537,332 shares, a decrease of 34.0% from the January 29th total of 813,778 shares. Based on an average trading volume of 511,251 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 511,251 shares, the days-to-cover ratio is currently 1.1 days.

Korea Electric Power Trading Down 12.5%

Shares of NYSE KEP traded down $2.78 during midday trading on Friday, reaching $19.51. 1,302,366 shares of the stock traded hands, compared to its average volume of 526,311. The company’s 50 day moving average is $19.78 and its 200 day moving average is $16.62. Korea Electric Power has a one year low of $7.08 and a one year high of $23.41. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 1.78.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings data on Thursday, December 18th. The utilities provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.08 by $0.03. Korea Electric Power had a net margin of 8.47% and a return on equity of 19.00%. The business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $16.17 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KEP shares. Weiss Ratings restated a “buy (b-)” rating on shares of Korea Electric Power in a research note on Monday, December 29th. Wall Street Zen raised shares of Korea Electric Power from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Zacks Research upgraded Korea Electric Power to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Korea Electric Power

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new position in Korea Electric Power during the third quarter worth $29,000. TD Private Client Wealth LLC bought a new stake in shares of Korea Electric Power in the 3rd quarter worth about $33,000. Hantz Financial Services Inc. boosted its stake in shares of Korea Electric Power by 204.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,757 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,851 shares during the period. Global Retirement Partners LLC bought a new position in Korea Electric Power during the 3rd quarter valued at about $41,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Korea Electric Power in the 4th quarter worth about $45,000.

About Korea Electric Power

Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.

In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.