Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get 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.
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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