ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Update

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 35,900 shares, a growth of 100.6% from the April 30th total of 17,900 shares. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is presently 1.9 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC increased its position in ChipMOS TECHNOLOGIES by 13.9% during the first quarter. Evergreen Capital Management LLC now owns 6,812 shares of the semiconductor company’s stock worth $242,000 after buying an additional 833 shares during the period. Vident Investment Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES during the first quarter worth approximately $241,000. Renaissance Group LLC increased its position in ChipMOS TECHNOLOGIES by 7.3% during the first quarter. Renaissance Group LLC now owns 32,696 shares of the semiconductor company’s stock worth $1,162,000 after buying an additional 2,235 shares during the period. LSV Asset Management increased its position in ChipMOS TECHNOLOGIES by 65.9% during the first quarter. LSV Asset Management now owns 6,800 shares of the semiconductor company’s stock worth $242,000 after buying an additional 2,700 shares during the period. Finally, BlackRock Inc. increased its position in ChipMOS TECHNOLOGIES by 17.7% during the first quarter. BlackRock Inc. now owns 98,198 shares of the semiconductor company’s stock worth $3,489,000 after buying an additional 14,773 shares during the period. 7.35% of the stock is currently owned by institutional investors.

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

Shares of NASDAQ IMOS traded up $0.47 during midday trading on Friday, hitting $33.60. 15 shares of the company’s stock were exchanged, compared to its average volume of 21,187. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.22 and a quick ratio of 1.79. ChipMOS TECHNOLOGIES has a twelve month low of $30.10 and a twelve month high of $44.72. The company has a market cap of $1.22 billion, a PE ratio of 6.35 and a beta of 0.88. The firm’s fifty day simple moving average is $33.25 and its 200-day simple moving average is $33.86.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS – Get Rating) last issued its earnings results on Thursday, May 5th. The semiconductor company reported $1.18 earnings per share for the quarter. ChipMOS TECHNOLOGIES had a return on equity of 22.66% and a net margin of 19.26%. The business had revenue of $235.00 million for the quarter.

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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