Chipmos Technologies (NASDAQ:IMOS) Short Interest Update

Key Points

• Short interest fell 20% in February to 15,563 shares (about 0.1% of shares short) with a days-to-cover of 0.3, signaling very low short-selling activity.
• ChipMOS beat expectations with quarterly EPS of $0.46 versus $0.34 expected and reported revenue of $207.78 million, up 26.2% year-over-year.
• The stock traded at $37.73 with a market cap of $1.33 billion and a high PE of 87.7; analysts are mixed—Wall Street Zen upgraded to strong-buy while the consensus rating remains a Hold—and roughly 7.4% of shares are held by hedge funds/institutions.

Chipmos Technologies (NASDAQ:IMOS - Get Free Report) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 15,563 shares, a decrease of 20.0% from the February 12th total of 19,456 shares. Currently, 0.1% of the company's shares are short sold. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 46,190 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IMOS shares. Wall Street Zen raised shares of Chipmos Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Weiss Ratings raised shares of Chipmos Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Chipmos Technologies Trading Down 0.9%

IMOS stock traded down $0.35 during mid-day trading on Friday, reaching $37.73. 42,165 shares of the stock traded hands, compared to its average volume of 44,995. Chipmos Technologies has a one year low of $12.78 and a one year high of $45.43. 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 stock has a market capitalization of $1.33 billion, a PE ratio of 87.74 and a beta of 1.00. The business has a 50-day moving average price of $37.83 and a two-hundred day moving average price of $28.33.

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

Institutional Trading of Chipmos Technologies

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Chipmos Technologies by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,091 shares of the semiconductor company's stock worth $1,034,000 after purchasing an additional 1,205 shares during the period. Creative Planning raised its holdings in Chipmos Technologies by 50.3% in the second quarter. Creative Planning now owns 45,283 shares of the semiconductor company's stock valued at $820,000 after acquiring an additional 15,150 shares in the last quarter. Rhumbline Advisers lifted its holdings in Chipmos Technologies by 51.4% during the 2nd quarter. Rhumbline Advisers now owns 37,595 shares of the semiconductor company's stock worth $681,000 after buying an additional 12,759 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Chipmos Technologies by 71.8% during the 2nd quarter. Bank of America Corp DE now owns 11,852 shares of the semiconductor company's stock worth $215,000 after buying an additional 4,952 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 1,629 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.