Chipmos Technologies (NASDAQ:IMOS) Sees Significant Decrease in Short Interest

Chipmos Technologies (NASDAQ:IMOS) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 16,094 shares, a decrease of 82.1% from the January 15th total of 89,881 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 45,214 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 45,214 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Chipmos Technologies Price Performance

Shares of NASDAQ IMOS traded up $0.97 during trading on Tuesday, reaching $35.10. The company had a trading volume of 51,635 shares, compared to its average volume of 42,286. The stock has a market cap of $1.24 billion, a PE ratio of 219.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.47. The business’s 50 day moving average price is $33.68 and its 200-day moving average price is $24.97. Chipmos Technologies has a 52 week low of $12.78 and a 52 week high of $45.43.

Chipmos Technologies (NASDAQ:IMOS) last issued its quarterly earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a net margin of 0.78% and a return on equity of 0.75%. The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $6.50 billion. During the same quarter in the previous year, the company earned $0.26 EPS. Chipmos Technologies’s revenue was up 1.3% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings upgraded Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 1,178 shares in the last quarter. Allworth Financial LP grew its position in Chipmos Technologies by 74.7% during the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock worth $26,000 after buying an additional 587 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Chipmos Technologies by 125.5% in the third quarter. Westside Investment Management Inc. now owns 2,163 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 1,204 shares during the period. GAMMA Investing LLC increased its holdings in Chipmos Technologies by 131.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company’s stock valued at $55,000 after buying an additional 1,629 shares during the period. Finally, Parallel Advisors LLC increased its stake in Chipmos Technologies by 44.4% in the third quarter. Parallel Advisors LLC now owns 6,142 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 1,890 shares during the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.

About Chipmos Technologies

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.