ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Down 22.0% in March

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 11,000,000 shares, a decrease of 22.0% from the March 15th total of 14,100,000 shares. Based on an average daily volume of 11,320,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On ASE Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in ASE Technology by 166.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 2,307 shares in the last quarter. Allworth Financial LP grew its position in shares of ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,104 shares in the last quarter. R Squared Ltd bought a new stake in shares of ASE Technology in the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of ASE Technology in the third quarter worth about $77,000. Finally, Whipplewood Advisors LLC bought a new position in ASE Technology during the fourth quarter valued at approximately $93,000. Institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX stock traded down $0.07 on Monday, hitting $8.01. 12,182,016 shares of the stock traded hands, compared to its average volume of 8,536,562. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. ASE Technology has a 52 week low of $6.94 and a 52 week high of $12.86. The firm has a 50 day simple moving average of $9.41 and a two-hundred day simple moving average of $9.86. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, equities research analysts predict that ASE Technology will post 0.76 earnings per share for the current fiscal year.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.