Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 28.7% in July

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 380,300 shares, a growth of 28.7% from the July 15th total of 295,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 82,800 shares, the short-interest ratio is presently 4.6 days.

Institutional Trading of Chunghwa Telecom

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $56,000. Centaurus Financial Inc. bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $102,000. V Square Quantitative Management LLC bought a new stake in shares of Chunghwa Telecom during the 2nd quarter worth approximately $120,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Chunghwa Telecom by 80.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 1,488 shares during the period. Finally, CWM LLC lifted its holdings in shares of Chunghwa Telecom by 31.8% during the 2nd quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 830 shares during the period. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

NYSE CHT traded up $0.24 during trading on Friday, reaching $38.12. The company’s stock had a trading volume of 82,888 shares, compared to its average volume of 81,626. The firm has a 50 day moving average price of $37.67 and a 200 day moving average price of $38.31. Chunghwa Telecom has a 12 month low of $35.44 and a 12 month high of $39.78. The company has a current ratio of 1.28, a quick ratio of 1.64 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $29.57 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 18.26 and a beta of 0.18.

Chunghwa Telecom Cuts Dividend

The company also recently declared an annual dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 3rd were issued a dividend of $1.4736 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 3rd. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 75.33%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded shares of Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a report on Tuesday, August 6th.

About Chunghwa Telecom

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.