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

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 436,300 shares, a growth of 16.3% from the May 15th total of 375,100 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is presently 7.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

Hedge Funds Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its position in Chunghwa Telecom by 27.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock worth $4,117,000 after acquiring an additional 22,835 shares during the period. Mariner LLC raised its position in shares of Chunghwa Telecom by 93.4% during the 3rd quarter. Mariner LLC now owns 31,154 shares of the utilities provider’s stock worth $1,120,000 after buying an additional 15,047 shares in the last quarter. American Century Companies Inc. raised its position in shares of Chunghwa Telecom by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 143,661 shares of the utilities provider’s stock worth $5,163,000 after buying an additional 14,072 shares in the last quarter. Catalina Capital Group LLC bought a new position in shares of Chunghwa Telecom in the first quarter valued at approximately $520,000. Finally, Natixis Advisors L.P. increased its stake in shares of Chunghwa Telecom by 82.4% during the fourth quarter. Natixis Advisors L.P. now owns 27,621 shares of the utilities provider’s stock valued at $1,079,000 after acquiring an additional 12,480 shares during the period. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $39.61 on Tuesday. The firm has a fifty day moving average of $38.81 and a 200-day moving average of $38.54. The company has a market cap of $30.73 billion, a price-to-earnings ratio of 26.41 and a beta of 0.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.83. Chunghwa Telecom has a 1 year low of $35.44 and a 1 year high of $40.71.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.40% and a return on equity of 9.31%. The firm had revenue of $1.75 billion during the quarter.

About Chunghwa Telecom

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.