Chipmos Technologies (NASDAQ:IMOS) Short Interest Up 302.2% in January

Chipmos Technologies (NASDAQ:IMOS) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 89,881 shares, an increase of 302.2% from the December 31st total of 22,348 shares. Based on an average trading volume of 40,513 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 40,513 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

IMOS has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chipmos Technologies has an average rating of “Hold”.

Chipmos Technologies Price Performance

NASDAQ:IMOS traded down $1.29 during midday trading on Wednesday, hitting $41.63. The company had a trading volume of 8,516 shares, compared to its average volume of 41,260. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.47 billion, a PE ratio of 260.21 and a beta of 1.04. The stock’s fifty day moving average price is $32.05 and its 200-day moving average price is $23.70. Chipmos Technologies has a 52-week low of $12.78 and a 52-week high of $45.43.

Chipmos Technologies (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $6.50 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IMOS. Farther Finance Advisors LLC boosted its position in shares of Chipmos Technologies by 16,828.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,178 shares in the last quarter. GAMMA Investing LLC raised its holdings in Chipmos Technologies by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 410 shares during the last quarter. Allworth Financial LP lifted its position in Chipmos Technologies by 74.7% in the 3rd quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares in the last quarter. Bank of America Corp DE boosted its stake in Chipmos Technologies by 10.0% during the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of Chipmos Technologies in the 3rd quarter worth $219,000. 7.39% of the stock is currently owned by institutional investors.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.