Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Expands By 27.6%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 17,100 shares, an increase of 27.6% from the September 30th total of 13,400 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut ChipMOS TECHNOLOGIES from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On ChipMOS TECHNOLOGIES

A number of large investors have recently modified their holdings of IMOS. Ballentine Partners LLC increased its holdings in ChipMOS TECHNOLOGIES by 20.2% in the 3rd quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company's stock valued at $364,000 after purchasing an additional 2,611 shares in the last quarter. Blue Trust Inc. increased its holdings in ChipMOS TECHNOLOGIES by 18.0% in the 3rd quarter. Blue Trust Inc. now owns 9,429 shares of the semiconductor company's stock valued at $221,000 after purchasing an additional 1,440 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 4.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company's stock valued at $1,431,000 after purchasing an additional 2,319 shares in the last quarter. Caprock Group LLC acquired a new stake in ChipMOS TECHNOLOGIES in the 2nd quarter valued at $441,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 1.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 114,639 shares of the semiconductor company's stock valued at $3,605,000 after purchasing an additional 1,592 shares in the last quarter. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

ChipMOS TECHNOLOGIES Price Performance

NASDAQ:IMOS traded down $0.15 during trading hours on Monday, reaching $22.19. 16,122 shares of the company traded hands, compared to its average volume of 18,654. The firm's 50-day moving average is $22.88 and its 200-day moving average is $25.21. The stock has a market cap of $806.87 million, a P/E ratio of 11.98 and a beta of 0.90. ChipMOS TECHNOLOGIES has a 1-year low of $21.47 and a 1-year high of $32.19.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a return on equity of 7.72% and a net margin of 8.67%. The business had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.96 million. During the same quarter last year, the business earned $0.56 EPS. ChipMOS TECHNOLOGIES's revenue for the quarter was up 6.7% compared to the same quarter last year.

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.