Chipmos Technologies (NASDAQ:IMOS) Short Interest Update

Chipmos Technologies (NASDAQ:IMOS) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 37,452 shares, a growth of 140.6% from the February 26th total of 15,563 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 45,201 shares, the days-to-cover ratio is currently 0.8 days.

Chipmos Technologies Price Performance

Chipmos Technologies stock opened at $35.82 on Friday. The firm has a fifty day moving average of $38.35 and a 200-day moving average of $29.80. Chipmos Technologies has a 52-week low of $12.78 and a 52-week high of $45.43. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.26 billion, a P/E ratio of 83.30 and a beta of 1.00.

Chipmos Technologies (NASDAQ:IMOS) last posted its earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.12. The business had revenue of $207.78 million for the quarter, compared to analyst estimates of $6.50 billion. Chipmos Technologies had a net margin of 1.88% and a return on equity of 1.90%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS.

Analyst Upgrades and Downgrades

IMOS has been the subject of a number of research reports. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Wall Street Zen upgraded Chipmos Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMOS. ABC Arbitrage SA bought a new position in Chipmos Technologies during the 3rd quarter valued at $290,000. Creative Planning increased its position in shares of Chipmos Technologies by 50.3% in the 2nd quarter. Creative Planning now owns 45,283 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 15,150 shares during the last quarter. Rhumbline Advisers increased its position in shares of Chipmos Technologies by 51.4% in the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company’s stock worth $681,000 after purchasing an additional 12,759 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Chipmos Technologies in the 3rd quarter valued at about $219,000. Finally, XY Capital Ltd acquired a new stake in shares of Chipmos Technologies in the 4th quarter valued at about $314,000. 7.39% of the stock is currently owned by hedge funds and other institutional investors.

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.