Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Rises By 16.2%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 410,000 shares, an increase of 16.2% from the September 15th total of 352,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 94,100 shares, the days-to-cover ratio is currently 4.4 days.

Chunghwa Telecom Stock Down 0.8 %

Shares of CHT traded down $0.32 on Wednesday, reaching $37.95. The company’s stock had a trading volume of 80,535 shares, compared to its average volume of 82,236. Chunghwa Telecom has a twelve month low of $35.44 and a twelve month high of $40.62. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $38.71 and a 200-day moving average of $38.42. The stock has a market capitalization of $29.44 billion, a PE ratio of 25.30, a PEG ratio of 18.32 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. The company had revenue of $1.67 billion during the quarter. Equities analysts predict that Chunghwa Telecom will post 1.49 EPS for the current year.

Institutional Trading of Chunghwa Telecom

Institutional investors and hedge funds have recently bought and sold shares of the company. Foster Group Inc. grew its stake in Chunghwa Telecom by 4.6% in the 2nd quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider’s stock worth $261,000 after buying an additional 299 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Chunghwa Telecom by 14.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 317 shares during the last quarter. Simplicity Wealth LLC grew its holdings in shares of Chunghwa Telecom by 8.4% in the second quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 445 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Chunghwa Telecom by 1.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after acquiring an additional 460 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in Chunghwa Telecom by 6.2% during the 1st quarter. DGS Capital Management LLC now owns 9,962 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 581 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a report on Tuesday, August 6th.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.