Chunghwa Telecom Co., Ltd. (NYSE:CHT) Sees Significant Increase in Short Interest

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 808,100 shares, a growth of 31.9% from the February 28th total of 612,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 104,900 shares, the days-to-cover ratio is presently 7.7 days.

Institutional Trading of Chunghwa Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of CHT. Sierra Ocean LLC purchased a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $54,000. BNP Paribas Financial Markets boosted its stake in Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Chunghwa Telecom by 71.4% in the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 1,285 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth $117,000. Finally, R Squared Ltd purchased a new position in shares of Chunghwa Telecom in the fourth quarter worth $127,000. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Stock Down 0.2 %

Shares of CHT traded down $0.06 during mid-day trading on Wednesday, reaching $39.28. The company had a trading volume of 51,329 shares, compared to its average volume of 93,529. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. The firm has a 50-day moving average price of $38.89 and a 200 day moving average price of $38.42.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, sell-side analysts forecast that Chunghwa Telecom will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Monday, March 17th.

Chunghwa Telecom Company Profile

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.