Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 808,100 shares, a growth of 31.9% from the February 28th total of 612,600 shares. Based on an average daily volume of 104,900 shares, the days-to-cover ratio is currently 7.7 days. Currently, 0.1% of the company's stock are sold short.
Analyst Ratings Changes
Separately, StockNews.com raised Chunghwa Telecom from a "hold" rating to a "buy" rating in a research report on Monday, March 17th.
View Our Latest Research Report on Chunghwa Telecom
Chunghwa Telecom Stock Down 1.0 %
CHT traded down $0.38 during midday trading on Friday, reaching $39.30. The company's stock had a trading volume of 35,409 shares, compared to its average volume of 93,994. Chunghwa Telecom has a 1 year low of $35.92 and a 1 year high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $30.49 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 21.42 and a beta of 0.19. The stock's 50-day moving average is $38.94 and its 200-day moving average is $38.43.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. As a group, research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Chunghwa Telecom in the 4th quarter worth approximately $54,000. BNP Paribas Financial Markets lifted its holdings in shares of Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 1,457 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 71.4% during the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,285 shares during the last quarter. GeoWealth Management LLC bought a new stake in Chunghwa Telecom in the 4th quarter worth about $117,000. Finally, R Squared Ltd bought a new stake in Chunghwa Telecom in the 4th quarter worth about $127,000. Institutional investors own 2.11% of the company's stock.
About Chunghwa Telecom
(
Get Free Report)
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.
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