Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Expands By 27.6%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 600,829 shares, a growth of 27.6% from the February 26th total of 470,908 shares. Based on an average daily volume of 178,517 shares, the short-interest ratio is presently 3.4 days. Approximately 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHT shares. Zacks Research raised Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHT. Farther Finance Advisors LLC grew its position in Chunghwa Telecom by 65.9% in the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of Chunghwa Telecom during the second quarter worth $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at $59,000. Westside Investment Management Inc. boosted its stake in shares of Chunghwa Telecom by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 719 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Chunghwa Telecom during the 4th quarter valued at $75,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock traded up $0.18 during trading on Tuesday, reaching $42.19. The company’s stock had a trading volume of 211,387 shares, compared to its average volume of 253,841. The business has a 50 day moving average price of $42.64 and a 200-day moving average price of $42.53. Chunghwa Telecom has a 12-month low of $37.03 and a 12-month high of $47.03. The company has a market capitalization of $32.73 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 5.63 and a beta of 0.29. The company has a quick ratio of 1.32, a current ratio of 1.49 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%.The company had revenue of $2.09 billion for the quarter. As a group, sell-side analysts anticipate that Chunghwa Telecom will post 1.44 EPS for the current year.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.