Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Update

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

Institutional Trading of Chunghwa Telecom

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Chunghwa Telecom in the second quarter worth $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $59,000. Westside Investment Management Inc. raised its position in shares of Chunghwa Telecom by 100.0% during the 3rd 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 purchased a new position in shares of Chunghwa Telecom during the 4th quarter valued at $75,000. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of NYSE CHT opened at $42.19 on Wednesday. The company has a 50 day simple moving average of $42.64 and a two-hundred day simple moving average of $42.51. Chunghwa Telecom has a fifty-two week low of $37.03 and a fifty-two week high of $47.03. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 5.63 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.32 and a current ratio of 1.49.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data 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 during the quarter. Analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.