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

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 7,615,769 shares, a drop of 12.4% from the December 31st total of 8,695,212 shares. Based on an average daily trading volume, of 7,154,595 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 7,154,595 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

ASX has been the topic of a number of recent analyst reports. Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ASE Technology in a report on Wednesday, January 21st. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen cut shares of ASE Technology from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

ASE Technology Stock Up 2.2%

ASE Technology stock opened at $19.39 on Tuesday. The stock has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $13.55. The company has a market capitalization of $43.02 billion, a P/E ratio of 38.79, a PEG ratio of 0.76 and a beta of 1.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.13. ASE Technology has a fifty-two week low of $6.94 and a fifty-two week high of $20.49.

Hedge Funds Weigh In On ASE Technology

A number of hedge funds have recently modified their holdings of the business. Rafferty Asset Management LLC increased its holdings in shares of ASE Technology by 50.9% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company’s stock valued at $76,361,000 after acquiring an additional 2,491,918 shares during the period. Schroder Investment Management Group grew its position in ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company’s stock worth $80,787,000 after purchasing an additional 2,012,970 shares during the last quarter. Millennium Management LLC increased its stake in ASE Technology by 130.8% in the third quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company’s stock valued at $35,147,000 after purchasing an additional 1,796,357 shares during the period. Bank of America Corp DE increased its stake in ASE Technology by 18.8% in the second quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company’s stock valued at $91,061,000 after purchasing an additional 1,397,206 shares during the period. Finally, Jump Financial LLC raised its holdings in shares of ASE Technology by 897.5% in the second quarter. Jump Financial LLC now owns 1,366,018 shares of the semiconductor company’s stock valued at $14,111,000 after buying an additional 1,229,068 shares during the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

About ASE Technology

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.