Short Interest in Chipmos Technologies (NASDAQ:IMOS) Grows By 302.2%

Chipmos Technologies (NASDAQ:IMOS) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 89,881 shares, an increase of 302.2% from the December 31st total of 22,348 shares. Based on an average trading volume of 40,513 shares, the short-interest ratio is presently 2.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 40,513 shares, the short-interest ratio is presently 2.2 days.

Chipmos Technologies Stock Down 4.3%

IMOS traded down $1.67 during mid-day trading on Friday, reaching $37.13. 45,787 shares of the stock were exchanged, compared to its average volume of 43,304. Chipmos Technologies has a 1 year low of $12.78 and a 1 year high of $45.43. The stock has a market capitalization of $1.31 billion, a PE ratio of 232.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The company has a 50 day moving average price of $32.48 and a two-hundred day moving average price of $23.93.

Chipmos Technologies (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, November 11th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $6.50 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 410 shares during the last quarter. Allworth Financial LP increased its stake in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 587 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Chipmos Technologies by 16,828.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,178 shares in the last quarter. Bank of America Corp DE raised its position in Chipmos Technologies by 10.0% in the third quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 1,185 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in Chipmos Technologies by 125.5% during the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 1,204 shares during the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IMOS shares. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.