Chipmos Technologies (NASDAQ:IMOS) Short Interest Down 44.2% in March

Key Points

• Short interest plunged 44.2% in March, falling to 20,881 shares (about 0.1% of the stock) with a short-interest ratio of just 0.4 days based on average daily volume.
• Recent results show growth: ChipMOS reported $0.46 EPS (beat consensus by $0.12) and revenue up 26.2% year-over-year, while the stock trades near $40.91 with a market cap of $1.44 billion and a high P/E of 95.14.
• Analyst and institutional stance is mixed: MarketBeat shows a consensus "Hold" despite a Wall Street Zen upgrade to "strong-buy," and institutional ownership remains low at about 7.39%.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 20,881 shares, a decrease of 44.2% from the March 15th total of 37,452 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 55,064 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

IMOS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Chipmos Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Chipmos Technologies in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Chipmos Technologies Stock Performance

IMOS stock remained flat at $40.91 during mid-day trading on Monday. The company's stock had a trading volume of 30,481 shares, compared to its average volume of 46,504. The company has a quick ratio of 2.12, a current ratio of 2.47 and a debt-to-equity ratio of 0.42. Chipmos Technologies has a 12 month low of $14.99 and a 12 month high of $45.43. The business's fifty day moving average price is $37.46 and its two-hundred day moving average price is $31.25. The stock has a market cap of $1.44 billion, a PE ratio of 95.14 and a beta of 1.04.

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

Institutional Trading of Chipmos Technologies

Several large investors have recently added to or reduced their stakes in IMOS. ABC Arbitrage SA bought a new position in shares of Chipmos Technologies during the 3rd quarter valued at $290,000. Westside Investment Management Inc. boosted its holdings in 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 in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Chipmos Technologies by 2.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 71,140 shares of the semiconductor company's stock worth $1,361,000 after purchasing an additional 1,949 shares in the last quarter. GAMMA Investing LLC increased its position in Chipmos Technologies by 131.7% during the third quarter. GAMMA Investing LLC now owns 2,866 shares of the semiconductor company's stock worth $55,000 after buying an additional 1,629 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Chipmos Technologies during the third quarter valued at about $219,000. 7.39% of the stock is owned by institutional investors.

Chipmos Technologies Company Profile

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.

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