Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Update

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 1,247,106 shares, a growth of 42.9% from the March 31st total of 872,487 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 169,226 shares, the short-interest ratio is presently 7.4 days.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research raised Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Chunghwa Telecom Trading Up 0.7%

Shares of Chunghwa Telecom stock traded up $0.32 during trading on Thursday, hitting $43.29. The stock had a trading volume of 109,197 shares, compared to its average volume of 201,348. Chunghwa Telecom has a 1 year low of $39.28 and a 1 year high of $47.03. The stock has a 50 day simple moving average of $42.85 and a 200 day simple moving average of $42.38. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $33.58 billion, a PE ratio of 26.89, a P/E/G ratio of 5.84 and a beta of 0.31.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.85%. The business had revenue of $2.09 billion for the quarter. On average, research analysts expect that Chunghwa Telecom will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of Chunghwa Telecom during the second quarter valued at approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $59,000. Westside Investment Management Inc. raised its holdings in shares of Chunghwa Telecom by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 719 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

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.