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

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 872,487 shares, a growth of 45.2% from the March 15th total of 600,829 shares. Based on an average trading volume of 308,171 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position 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 buying an additional 344 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position 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 purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $59,000. Westside Investment Management Inc. boosted its position 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 buying an additional 719 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Up 1.1%

Shares of Chunghwa Telecom stock traded up $0.48 during trading hours on Thursday, reaching $43.41. The company’s stock had a trading volume of 76,671 shares, compared to its average volume of 213,112. Chunghwa Telecom has a one year low of $38.95 and a one year high of $47.03. The company has a market capitalization of $33.67 billion, a P/E ratio of 26.99, a P/E/G ratio of 5.71 and a beta of 0.31. The stock’s fifty day simple moving average is $42.65 and its two-hundred day simple moving average is $42.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.32 and a current ratio of 1.49.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $2.09 billion for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%. On average, research analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CHT shares. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About Chunghwa Telecom

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.