Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Rises By 17.6%

Chunghwa Telecom Co., Ltd. (NYSE:CHTGet Rating) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 670,500 shares, an increase of 17.6% from the March 31st total of 570,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 121,000 shares, the days-to-cover ratio is currently 5.5 days.

Shares of CHT opened at $42.63 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.37. Chunghwa Telecom has a twelve month low of $39.12 and a twelve month high of $45.87. The firm’s 50 day moving average price is $44.21 and its two-hundred day moving average price is $42.48. The firm has a market cap of $33.07 billion, a P/E ratio of 25.99 and a beta of 0.07.

Separately, StockNews.com lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th.

Several hedge funds have recently made changes to their positions in CHT. CWM LLC lifted its position in shares of Chunghwa Telecom by 296.1% in the first quarter. CWM LLC now owns 602 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 450 shares in the last quarter. Glassman Wealth Services lifted its position in shares of Chunghwa Telecom by 98.2% in the fourth quarter. Glassman Wealth Services now owns 777 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 385 shares in the last quarter. Allegheny Financial Group LTD bought a new stake in shares of Chunghwa Telecom in the fourth quarter worth $35,000. Advisor Group Holdings Inc. lifted its position in shares of Chunghwa Telecom by 170.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 925 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 583 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Chunghwa Telecom in the fourth quarter worth $44,000. 2.22% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Company Profile (Get Rating)

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.

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