Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Expands By 7.4%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 381,300 shares, an increase of 7.4% from the July 31st total of 355,000 shares. Based on an average trading volume of 98,500 shares, the short-interest ratio is currently 3.9 days. Currently, 0.1% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Friday, August 25th.

Chunghwa Telecom Stock Down 0.5 %

CHT opened at $36.24 on Friday. Chunghwa Telecom has a 1-year low of $32.90 and a 1-year high of $41.58. The stock’s fifty day simple moving average is $36.96 and its 200 day simple moving average is $38.85. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.09. The stock has a market cap of $28.11 billion, a PE ratio of 22.94 and a beta of 0.11.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, August 8th. The utilities provider reported $0.42 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.58% and a net margin of 16.94%. The company had revenue of $1.74 billion during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its position in Chunghwa Telecom by 11.2% in the first quarter. Signaturefd LLC now owns 22,545 shares of the utilities provider’s stock valued at $882,000 after acquiring an additional 2,274 shares during the last quarter. Ascent Group LLC grew its position in Chunghwa Telecom by 62.3% in the first quarter. Ascent Group LLC now owns 9,583 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 3,678 shares during the last quarter. Kathmere Capital Management LLC grew its position in Chunghwa Telecom by 39.9% in the first quarter. Kathmere Capital Management LLC now owns 23,292 shares of the utilities provider’s stock valued at $911,000 after acquiring an additional 6,644 shares during the last quarter. Cable Hill Partners LLC bought a new position in Chunghwa Telecom in the first quarter valued at about $262,000. Finally, West Family Investments Inc. grew its position in Chunghwa Telecom by 28.8% in the fourth quarter. West Family Investments Inc. now owns 30,695 shares of the utilities provider’s stock valued at $1,123,000 after acquiring an additional 6,865 shares during the last quarter. Institutional investors and hedge funds own 2.16% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local long distance services comprising of local calls, cloud switchboard, and value-added local calls.