Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Rises By 16.2%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 410,000 shares, a growth of 16.2% from the September 15th total of 352,800 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 94,100 shares, the days-to-cover ratio is currently 4.4 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a report on Tuesday, August 6th.

Hedge Funds Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foster Group Inc. raised its holdings in Chunghwa Telecom by 4.6% during the 2nd quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider’s stock worth $261,000 after purchasing an additional 299 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Chunghwa Telecom by 14.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 317 shares in the last quarter. Simplicity Wealth LLC increased its stake in Chunghwa Telecom by 8.4% in the 2nd quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock valued at $222,000 after buying an additional 445 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Chunghwa Telecom by 1.5% during the second quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after acquiring an additional 460 shares in the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Chunghwa Telecom by 6.2% in the first quarter. DGS Capital Management LLC now owns 9,962 shares of the utilities provider’s stock valued at $390,000 after buying an additional 581 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Performance

Shares of CHT stock traded down $0.32 during trading on Wednesday, reaching $37.95. The company had a trading volume of 80,535 shares, compared to its average volume of 82,236. The firm’s 50 day simple moving average is $38.71 and its two-hundred day simple moving average is $38.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.16. Chunghwa Telecom has a one year low of $35.44 and a one year high of $40.62. The company has a market capitalization of $29.44 billion, a PE ratio of 25.30, a PEG ratio of 18.32 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. The firm had revenue of $1.67 billion for the quarter. Sell-side analysts forecast that Chunghwa Telecom will post 1.49 earnings per share for the current year.

Chunghwa Telecom Company Profile

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.