Short Interest in Korea Electric Power Co. (NYSE:KEP) Expands By 12.6%
84.7% from the previous month. The company was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 720,700 shares, a growth of 84.7% from the previous month.
( ) saw a notable increase in short interest during March. On March 31, there were 720,700 short shares. This is a 12.6% increase from the total of 640 200 shares on March 15. The days-to-cover is currently 3.1 days based on an average daily volume of 233.400 shares.
Changes in Analyst Ratings
Trading hours were held on Wednesday. The stock rose $0.06 to $7.10. Stock of the company traded 86,280 share compared to an average of 234,953. The stock's fifty-day moving average is $6.96, and its 200-day moving average is $7.26. The market capitalization for the company is $9.12 billion. It has a P/E of -0.48. And a beta value of 0.75. The company's debt-to equity ratio is 2.34. Its current ratio is 0.67, and its quick ratio 0.45. Korea Electric Power's low for the past twelve months is $5.76, and its high for that same period is $9.50.
The last time ) announced its quarterly results was on Monday, 13th March. The utilities provider reported ($4.46) in earnings per share for the quarter. Korea Electric Power reported a negative margin of net of 34.31%, and a return on equity negative of 48.33%. The company had revenue of $14.37 billion for the third quarter.
Institutional Trading of Korea Electric Power
Recently, a number of hedge fund managers have made changes to the positions they hold in the company. Morgan Stanley increased its holdings in Korea Electric Power shares by 14.7% in the fourth quarter. Morgan Stanley owns now 5,726,873 of the utilities provider’s stock, valued at $49.480,000, after buying an additional 734.739 shares during the last quarter. Kopernik Global Investors LLC increased its holdings in shares of Korea Electric Power during the third quarter by 2.4%. Kopernik Global Investors LLC owns 1,660.792 shares in the utilities provider, worth $11,293,000, after adding 39,326 more shares over the past quarter. BlackRock Inc. increased its holdings in Korea Electric Power shares by 11.7% during third quarter. BlackRock Inc. owns 1,585.494 shares in the utilities provider, valued at $10,781,000, after purchasing an additional 166.369 shares over the past quarter. Goldman Sachs Group Inc. increased its holdings in Korea Electric Power shares by 3.9% during first quarter. Goldman Sachs Group Inc. owns 904,359 of the utilities provider’s stock, worth $8,420,000, after adding 34,012 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Korea Electric Power shares by 1.6% over the first quarter. Dimensional Fund Advisors LP owns 894 305 shares worth $8,330,000 of utilities provider's stocks after acquiring 14,363 additional shares in the last quarter. Institutional investors and hedge fund own 1.45% of this stock.
Korea Electric Power
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Korea Electric Power Corp. is engaged in the production, transmission and distribution electricity. It is divided into four main businesses: Sale of Electric Power; Development of Electric Power Resources; Investment and Real Estate. The company was established on July 1, 1962 and has its headquarters in Naju, South Korea.
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