ASE Technology Holding Co., Ltd. (NYSE:ASX) Sees Significant Decline in Short Interest

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 10,130,000 shares, a drop of 6.0% from the November 30th total of 10,780,000 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 6,820,000 shares, the short-interest ratio is presently 1.5 days.

ASE Technology Price Performance

Shares of NYSE:ASX traded down $0.08 during trading hours on Wednesday, hitting $10.07. 8,563,371 shares of the company's stock traded hands, compared to its average volume of 6,932,226. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.18. The company's fifty day simple moving average is $9.94 and its two-hundred day simple moving average is $10.17. ASE Technology has a 52 week low of $8.10 and a 52 week high of $12.86. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. The company had revenue of $4.96 billion during the quarter. During the same quarter in the prior year, the company earned $0.13 earnings per share. As a group, equities analysts anticipate that ASE Technology will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On ASE Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in ASE Technology by 103.8% during the third quarter. JPMorgan Chase & Co. now owns 3,571,208 shares of the semiconductor company's stock valued at $34,855,000 after buying an additional 1,818,753 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in ASE Technology in the third quarter worth $77,000. TT International Asset Management LTD lifted its holdings in ASE Technology by 14.8% in the 3rd quarter. TT International Asset Management LTD now owns 2,063,535 shares of the semiconductor company's stock worth $20,140,000 after purchasing an additional 265,767 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of ASE Technology by 20.5% in the third quarter. Coldstream Capital Management Inc. now owns 18,701 shares of the semiconductor company's stock valued at $183,000 after purchasing an additional 3,186 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of ASE Technology during the third quarter worth approximately $767,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group upgraded shares of ASE Technology from a "neutral" rating to a "buy" rating in a research report on Tuesday, October 15th. Morgan Stanley raised ASE Technology from an "equal weight" rating to an "overweight" rating in a research note on Monday, September 16th. Finally, StockNews.com downgraded ASE Technology from a "buy" rating to a "hold" rating in a research note on Friday, September 20th.

About ASE Technology

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.