Chunghwa Telecom Co., Ltd. (NYSE:CHT) Sees Large Increase in Short Interest

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 659,600 shares, a growth of 17.5% from the January 15th total of 561,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 109,400 shares, the short-interest ratio is currently 6.0 days.

Hedge Funds Weigh In On Chunghwa Telecom

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp increased its stake in Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after acquiring an additional 546,436 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider's stock worth $36,332,000 after buying an additional 500,475 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of Chunghwa Telecom by 101.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock valued at $9,191,000 after purchasing an additional 119,143 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at approximately $4,095,000. Finally, Vident Advisory LLC increased its position in Chunghwa Telecom by 80.9% during the 4th quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock worth $5,233,000 after purchasing an additional 62,147 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Stock Performance

CHT stock traded down $0.34 during mid-day trading on Wednesday, hitting $38.46. 83,452 shares of the company were exchanged, compared to its average volume of 101,305. Chunghwa Telecom has a 1-year low of $35.92 and a 1-year high of $40.62. The stock has a market capitalization of $29.83 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 21.23 and a beta of 0.20. The business has a 50 day simple moving average of $38.08 and a 200-day simple moving average of $38.27. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, equities analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Chunghwa Telecom from a "hold" rating to a "buy" rating in a research note on Friday, January 24th.

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.