Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Down 21.6% in January

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 389,174 shares, a drop of 21.6% from the December 31st total of 496,592 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 208,529 shares, the short-interest ratio is currently 1.9 days. Based on an average daily trading volume, of 208,529 shares, the short-interest ratio is currently 1.9 days. Currently, 0.1% of the company’s stock are short sold.

Chunghwa Telecom Price Performance

CHT stock traded down $0.19 on Friday, reaching $42.45. 221,144 shares of the company’s stock were exchanged, compared to its average volume of 195,461. Chunghwa Telecom has a twelve month low of $37.03 and a twelve month high of $47.03. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $41.78 and a 200-day moving average of $43.03. The firm has a market cap of $32.93 billion, a PE ratio of 26.87, a P/E/G ratio of 5.75 and a beta of 0.30.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Chunghwa Telecom had a net margin of 16.30% and a return on equity of 9.80%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.93 billion. As a group, equities analysts predict that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Chunghwa Telecom

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in Chunghwa Telecom during the second quarter valued at about $25,000. Westside Investment Management Inc. acquired a new position in shares of Chunghwa Telecom during the 2nd quarter valued at $34,000. Hantz Financial Services Inc. boosted its position in Chunghwa Telecom by 1,083.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 769 shares during the period. Farther Finance Advisors LLC increased its holdings in Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares in the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in Chunghwa Telecom in the second quarter valued at about $53,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.