Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Grows By 31.9%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 808,100 shares, a growth of 31.9% from the February 28th total of 612,600 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 104,900 shares, the days-to-cover ratio is presently 7.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.

Chunghwa Telecom Stock Down 0.2 %

Chunghwa Telecom stock traded down $0.09 during midday trading on Monday, hitting $39.19. 192,775 shares of the stock were exchanged, compared to its average volume of 93,120. Chunghwa Telecom has a 52-week low of $35.92 and a 52-week high of $40.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $38.86 and its 200-day moving average price is $38.42. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ieq Capital LLC boosted its holdings in shares of Chunghwa Telecom by 5.7% in the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock worth $212,000 after buying an additional 301 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Chunghwa Telecom by 4.2% in the fourth quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 391 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Chunghwa Telecom by 2.1% during the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock worth $1,173,000 after purchasing an additional 655 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of Chunghwa Telecom by 5.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider’s stock worth $560,000 after purchasing an additional 800 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 961 shares during the period. Institutional investors own 2.11% of the company’s stock.

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.