Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 11.2% in March

Chunghwa Telecom Co., Ltd. (NYSE:CHTGet Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 283,200 shares, a growth of 11.2% from the February 29th total of 254,700 shares. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Chunghwa Telecom

A number of institutional investors and hedge funds have recently made changes to their positions in CHT. Royal Bank of Canada increased its holdings in Chunghwa Telecom by 184.2% in the 3rd quarter. Royal Bank of Canada now owns 790 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 512 shares during the last quarter. Simplex Trading LLC increased its stake in shares of Chunghwa Telecom by 332.1% during the third quarter. Simplex Trading LLC now owns 834 shares of the utilities provider’s stock worth $29,000 after buying an additional 641 shares during the period. Glassman Wealth Services increased its position in shares of Chunghwa Telecom by 43.6% in the 4th quarter. Glassman Wealth Services now owns 1,011 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 307 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Chunghwa Telecom in the 4th quarter valued at approximately $56,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Chunghwa Telecom by 182.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,502 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 970 shares in the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

View Our Latest Research Report on Chunghwa Telecom

Chunghwa Telecom Price Performance

CHT stock opened at $39.58 on Wednesday. Chunghwa Telecom has a 52-week low of $35.44 and a 52-week high of $41.58. The business has a fifty day moving average of $38.50 and a two-hundred day moving average of $37.58. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 25.87 and a beta of 0.17. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

Chunghwa Telecom (NYSE:CHTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. The firm had revenue of $1.94 billion during the quarter. As a group, research analysts anticipate that Chunghwa Telecom will post 1.5 earnings per share for the current year.

Chunghwa Telecom Company Profile

(Get Free Report)

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.

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