Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Expands By 31.9%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 808,100 shares, an increase of 31.9% from the February 28th total of 612,600 shares. Based on an average trading volume of 104,900 shares, the short-interest ratio is currently 7.7 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Monday, March 17th.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock traded up $0.14 on Tuesday, hitting $39.35. 180,986 shares of the company traded hands, compared to its average volume of 93,574. The firm’s 50-day simple moving average is $38.89 and its 200 day simple moving average is $38.42. Chunghwa Telecom has a 12-month low of $35.92 and a 12-month high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $30.52 billion, a P/E ratio of 26.41, a P/E/G ratio of 21.42 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Analysts expect that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $54,000. BNP Paribas Financial Markets raised its stake in Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after buying an additional 1,285 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Chunghwa Telecom in the 4th quarter valued at about $117,000. Finally, R Squared Ltd bought a new stake in Chunghwa Telecom during the fourth quarter worth approximately $127,000. Institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

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.