Chunghwa Telecom Co., Ltd. (NYSE:CHT) Sees Significant Drop in Short Interest

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 552,800 shares, a drop of 19.6% from the November 30th total of 687,300 shares. Based on an average daily volume of 105,100 shares, the short-interest ratio is currently 5.3 days. Approximately 0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Chunghwa Telecom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 265 shares in the last quarter. BSW Wealth Partners acquired a new stake in Chunghwa Telecom in the third quarter valued at $208,000. Waldron Private Wealth LLC bought a new position in Chunghwa Telecom during the 3rd quarter valued at $217,000. Mizuho Securities Co. Ltd. grew its holdings in Chunghwa Telecom by 86.6% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider's stock worth $250,000 after acquiring an additional 3,003 shares in the last quarter. Finally, D Orazio & Associates Inc. increased its position in shares of Chunghwa Telecom by 26.5% in the 2nd quarter. D Orazio & Associates Inc. now owns 6,954 shares of the utilities provider's stock worth $268,000 after purchasing an additional 1,457 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Down 0.1 %

Shares of NYSE CHT traded down $0.02 during trading on Friday, reaching $37.96. 56,973 shares of the stock were exchanged, compared to its average volume of 87,712. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 18.43 and a beta of 0.19. The business's 50-day moving average price is $38.01 and its 200 day moving average price is $38.12. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. Chunghwa Telecom has a twelve month low of $35.92 and a twelve month high of $40.62.

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.