ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Sees Significant Decrease in Short Interest

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 13,400 shares, a drop of 8.8% from the September 15th total of 14,700 shares. Based on an average trading volume of 18,800 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

ChipMOS TECHNOLOGIES Stock Up 3.2 %

IMOS stock traded up $0.70 during midday trading on Wednesday, hitting $22.74. The company’s stock had a trading volume of 19,871 shares, compared to its average volume of 18,848. The firm has a 50-day simple moving average of $22.99 and a 200-day simple moving average of $25.66. The firm has a market capitalization of $826.87 million, a P/E ratio of 12.21 and a beta of 0.90. ChipMOS TECHNOLOGIES has a 52-week low of $21.47 and a 52-week high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its earnings results on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The company had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.96 million. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in ChipMOS TECHNOLOGIES in the first quarter worth approximately $42,000. HBK Sorce Advisory LLC purchased a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth $201,000. Blue Trust Inc. grew its stake in shares of ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 7,973 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of ChipMOS TECHNOLOGIES by 47.6% during the first quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock worth $424,000 after purchasing an additional 4,348 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in ChipMOS TECHNOLOGIES in the second quarter valued at $441,000. 7.39% of the stock is owned by institutional investors and hedge funds.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.