Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 27.6% in March

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 600,829 shares, an increase of 27.6% from the February 26th total of 470,908 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 178,517 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHT. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Chunghwa Telecom

Several large investors have recently modified their holdings of CHT. Schroder Investment Management Group lifted its stake in shares of Chunghwa Telecom by 2.7% during the 2nd quarter. Schroder Investment Management Group now owns 675,278 shares of the utilities provider’s stock worth $31,475,000 after buying an additional 17,729 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Chunghwa Telecom by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 516,800 shares of the utilities provider’s stock valued at $21,558,000 after buying an additional 40,198 shares during the last quarter. Creative Planning raised its holdings in Chunghwa Telecom by 20.0% in the 3rd quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock valued at $16,615,000 after acquiring an additional 63,523 shares during the period. American Century Companies Inc. lifted its position in Chunghwa Telecom by 12.7% during the third quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock worth $16,195,000 after acquiring an additional 41,823 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Chunghwa Telecom by 67.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after acquiring an additional 148,378 shares during the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Price Performance

Shares of NYSE CHT opened at $42.12 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $42.64 and its two-hundred day moving average price is $42.55. The company has a market cap of $32.67 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.29. Chunghwa Telecom has a twelve month low of $37.03 and a twelve month high of $47.03.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Thursday, February 26th. The utilities provider reported $0.38 EPS for the quarter. The company had revenue of $2.09 billion during the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%. On average, analysts predict that Chunghwa Telecom will post 1.44 EPS for the current year.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.