Short Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Rises By 25.7%

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 13,830,000 shares, a growth of 25.7% from the March 31st total of 11,000,000 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 11,970,000 shares, the short-interest ratio is presently 1.2 days.

ASE Technology Stock Performance

NYSE ASX traded up $0.07 during trading on Thursday, reaching $9.17. The company's stock had a trading volume of 8,972,978 shares, compared to its average volume of 8,832,879. ASE Technology has a 12 month low of $6.94 and a 12 month high of $12.86. The firm has a 50 day moving average price of $8.91 and a 200 day moving average price of $9.74. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $143.62 billion. As a group, equities analysts anticipate that ASE Technology will post 0.76 EPS for the current fiscal year.

Institutional Trading of ASE Technology

Several large investors have recently modified their holdings of ASX. Golden State Wealth Management LLC grew its holdings in ASE Technology by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 1,795 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after buying an additional 2,307 shares during the period. TT International Asset Management LTD bought a new stake in ASE Technology in the 1st quarter valued at about $39,000. Allworth Financial LP raised its stake in ASE Technology by 42.5% during the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after buying an additional 1,104 shares during the period. Finally, R Squared Ltd bought a new stake in shares of ASE Technology during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 6.80% of the company's stock.

About ASE Technology

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.