Korea Electric Power Co. (NYSE:KEP) Sees Significant Growth in Short Interest

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

Institutional Investors Weigh In On Korea Electric Power

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Korea Electric Power by 46.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,193,185 shares of the utilities provider’s stock worth $9,259,000 after buying an additional 380,145 shares during the last quarter. State Street Corp raised its holdings in shares of Korea Electric Power by 0.9% during the third quarter. State Street Corp now owns 746,847 shares of the utilities provider’s stock worth $5,796,000 after purchasing an additional 6,975 shares during the last quarter. American Century Companies Inc. lifted its position 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 valued at $2,407,000 after purchasing an additional 35,973 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Korea Electric Power during the third quarter valued at $855,000. Finally, Quantinno Capital Management LP boosted its holdings in Korea Electric Power by 35.2% in the third quarter. Quantinno Capital Management LP now owns 98,580 shares of the utilities provider’s stock valued at $765,000 after purchasing an additional 25,641 shares during the last quarter.

Korea Electric Power Trading Up 2.2 %

Korea Electric Power stock traded up $0.16 during trading hours on Monday, hitting $7.16. 147,230 shares of the stock traded hands, compared to its average volume of 217,564. The firm’s 50 day moving average price is $7.60 and its 200-day moving average price is $7.66. The company has a quick ratio of 0.30, a current ratio of 0.43 and a debt-to-equity ratio of 2.10. Korea Electric Power has a 1 year low of $6.68 and a 1 year high of $9.55.

Analysts Set New Price Targets

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

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.