Chunghwa Telecom Co., Ltd (NYSE:CHT) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 464,700 shares, an increase of 19.2% from the August 31st total of 390,000 shares. Based on an average trading volume of 159,600 shares, the days-to-cover ratio is currently 2.9 days.
Shares of Chunghwa Telecom stock traded down $0.01 during midday trading on Friday, reaching $36.40. 102,400 shares of the company’s stock traded hands, compared to its average volume of 190,946. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.59 and a current ratio of 0.75. The company has a market cap of $28.24 billion, a PE ratio of 26.19 and a beta of 0.09. The stock has a 50 day moving average of $36.81 and a 200-day moving average of $36.88. Chunghwa Telecom has a 12 month low of $34.46 and a 12 month high of $39.47.
Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.37 EPS for the quarter. The company had revenue of $1.60 billion during the quarter. Chunghwa Telecom had a return on equity of 8.56% and a net margin of 16.24%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in shares of Chunghwa Telecom by 1,848.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 721 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 684 shares during the period. Advisors Asset Management Inc. purchased a new position in Chunghwa Telecom during the 2nd quarter valued at $85,000. Royal Bank of Canada boosted its holdings in Chunghwa Telecom by 826.6% during the 1st quarter. Royal Bank of Canada now owns 2,576 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 2,298 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Chunghwa Telecom by 463.8% during the 2nd quarter. Advisor Group Holdings Inc. now owns 2,791 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 2,296 shares during the period. Finally, Citigroup Inc. boosted its holdings in Chunghwa Telecom by 150.9% during the 1st quarter. Citigroup Inc. now owns 3,666 shares of the utilities provider’s stock valued at $131,000 after acquiring an additional 2,205 shares during the period. Institutional investors and hedge funds own 2.80% of the company’s stock.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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