Chunghwa Telecom Co., Ltd. (NYSE:CHT) Sees Significant Increase in Short Interest

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a large increase in short interest during the month of 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 94,100 shares, the short-interest ratio is presently 4.4 days.

Chunghwa Telecom Trading Down 0.8 %

Shares of NYSE:CHT traded down $0.32 during trading on Wednesday, reaching $37.95. The stock had a trading volume of 80,535 shares, compared to its average volume of 82,236. Chunghwa Telecom has a 52 week low of $35.44 and a 52 week high of $40.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.28. The firm’s fifty day moving average is $38.71 and its 200 day moving average is $38.42. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 18.32 and a beta of 0.19.

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

Hedge Funds Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at $102,000. PNC Financial Services Group Inc. grew its holdings in Chunghwa Telecom by 5.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,835 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 743 shares during the period. GAMMA Investing LLC increased its stake in Chunghwa Telecom by 50.2% in the first quarter. GAMMA Investing LLC now owns 2,226 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 744 shares in the last quarter. First Affirmative Financial Network raised its holdings in shares of Chunghwa Telecom by 3.8% during the first quarter. First Affirmative Financial Network now owns 30,113 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 1,113 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Chunghwa Telecom by 24.8% during the 1st quarter. Ballentine Partners LLC now owns 28,696 shares of the utilities provider’s stock worth $1,123,000 after purchasing an additional 5,710 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Chunghwa Telecom

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.