ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 10,240,000 shares, a growth of 5.9% from the September 30th total of 9,670,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 8,370,000 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASX. Ashton Thomas Private Wealth LLC bought a new stake in ASE Technology during the 2nd quarter worth about $43,000. Fifth Third Bancorp increased its position in ASE Technology by 423.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,537 shares of the semiconductor company's stock worth $75,000 after buying an additional 5,289 shares during the period. Werba Rubin Papier Wealth Management bought a new stake in ASE Technology in the 3rd quarter valued at about $100,000. Burns Matteson Capital Management LLC bought a new position in shares of ASE Technology during the first quarter worth approximately $107,000. Finally, Leo Wealth LLC bought a new stake in shares of ASE Technology in the third quarter valued at approximately $114,000. 6.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ASE Technology Stock Performance

Shares of ASX traded down $0.24 on Thursday, reaching $9.56. 10,588,491 shares of the stock traded hands, compared to its average volume of 6,835,408. The stock's 50-day moving average price is $9.86 and its 200-day moving average price is $10.41. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 0.65 and a beta of 1.22. ASE Technology has a 12 month low of $7.34 and a 12 month high of $12.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.17 and a quick ratio of 0.90.

ASE Technology Company Profile

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.