Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Increases By 32.3%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 635,100 shares, an increase of 32.3% from the July 31st total of 480,000 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 129,500 shares, the days-to-cover ratio is currently 4.9 days. Based on an average daily volume of 129,500 shares, the days-to-cover ratio is currently 4.9 days. Currently, 0.1% of the shares of the stock are short sold.

Chunghwa Telecom Stock Performance

CHT opened at $44.47 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The company has a 50 day simple moving average of $44.39 and a two-hundred day simple moving average of $42.62. Chunghwa Telecom has a 1-year low of $36.61 and a 1-year high of $47.03. The firm has a market cap of $34.50 billion, a P/E ratio of 29.07 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. Equities analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Chunghwa Telecom by 12.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,253,331 shares of the utilities provider’s stock worth $58,418,000 after acquiring an additional 136,584 shares in the last quarter. Northern Trust Corp raised its position in shares of Chunghwa Telecom by 420.8% in the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider’s stock valued at $25,463,000 after purchasing an additional 546,436 shares during the last quarter. Schroder Investment Management Group raised its position in Chunghwa Telecom by 2.7% during the 2nd quarter. Schroder Investment Management Group now owns 675,278 shares of the utilities provider’s stock worth $31,475,000 after buying an additional 17,729 shares during the last quarter. Acadian Asset Management LLC raised its position in Chunghwa Telecom by 23.0% during the 2nd quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider’s stock worth $26,672,000 after buying an additional 106,913 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Chunghwa Telecom by 17.6% during the 2nd quarter. American Century Companies Inc. now owns 329,461 shares of the utilities provider’s stock worth $15,356,000 after buying an additional 49,276 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

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, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.