ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Up 27.6% in October

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 17,100 shares, a growth of 27.6% from the September 30th total of 13,400 shares. Based on an average trading volume of 18,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of ChipMOS TECHNOLOGIES by 49,831.3% in the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after purchasing an additional 7,973 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at $42,000. Caprock Group LLC bought a new position in ChipMOS TECHNOLOGIES during the 2nd quarter worth $441,000. Vanguard Personalized Indexing Management LLC increased its position in ChipMOS TECHNOLOGIES by 4.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 55,046 shares of the semiconductor company’s stock worth $1,431,000 after buying an additional 2,319 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of ChipMOS TECHNOLOGIES by 20.2% during the third quarter. Ballentine Partners LLC now owns 15,547 shares of the semiconductor company’s stock worth $364,000 after buying an additional 2,611 shares in the last quarter. 7.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

ChipMOS TECHNOLOGIES Price Performance

Shares of IMOS opened at $21.96 on Wednesday. ChipMOS TECHNOLOGIES has a one year low of $21.47 and a one year high of $32.19. The company has a market cap of $798.51 million, a PE ratio of 11.87 and a beta of 0.90. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $25.10.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last posted its quarterly earnings results on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The business had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.96 million. During the same quarter last year, the company posted $0.56 EPS. The firm’s revenue was up 6.7% on a year-over-year basis.

ChipMOS TECHNOLOGIES Company Profile

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.