ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Sees Significant Decrease in Short Interest

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Get Rating) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 17,900 shares, a drop of 25.4% from the April 15th total of 24,000 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is currently 0.9 days.

Separately, StockNews.com raised ChipMOS TECHNOLOGIES from a “hold” rating to a “buy” rating in a report on Friday, April 22nd.

IMOS traded up $0.09 during trading hours on Monday, hitting $31.37. The stock had a trading volume of 15,340 shares, compared to its average volume of 21,750. The company’s fifty day simple moving average is $33.92 and its 200 day simple moving average is $33.96. ChipMOS TECHNOLOGIES has a 1 year low of $28.19 and a 1 year high of $44.72. The stock has a market cap of $1.14 billion, a PE ratio of 5.99 and a beta of 0.88. The company has a quick ratio of 1.79, a current ratio of 2.22 and a debt-to-equity ratio of 0.39.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The semiconductor company reported $1.41 earnings per share for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 22.66% and a net margin of 19.26%. The company had revenue of $244.80 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its holdings in ChipMOS TECHNOLOGIES by 4.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 107,718 shares of the semiconductor company’s stock worth $3,781,000 after acquiring an additional 4,217 shares during the last quarter. BlackRock Inc. boosted its stake in ChipMOS TECHNOLOGIES by 17.7% in the 1st quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock worth $3,489,000 after purchasing an additional 14,773 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in ChipMOS TECHNOLOGIES by 49.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 97,695 shares of the semiconductor company’s stock worth $3,344,000 after purchasing an additional 32,168 shares during the period. Schroder Investment Management Group bought a new position in ChipMOS TECHNOLOGIES in the 3rd quarter worth about $92,000. Finally, Ritholtz Wealth Management boosted its stake in ChipMOS TECHNOLOGIES by 35.6% in the 1st quarter. Ritholtz Wealth Management now owns 49,357 shares of the semiconductor company’s stock worth $1,754,000 after purchasing an additional 12,957 shares during the period. 7.35% of the stock is owned by institutional investors.

About ChipMOS TECHNOLOGIES (Get Rating)

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and other Display Panel Driver Semiconductors; Bumping; and Other segments.

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