Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Grows By 20.4%

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, an increase of 20.4% from the March 31st total of 863,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 127,200 shares, the days-to-cover ratio is presently 8.2 days.

Analyst Ratings Changes

Separately, StockNews.com cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock traded down $1.00 on Thursday, hitting $42.02. The company had a trading volume of 218,926 shares, compared to its average volume of 104,822. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $44.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The business has a 50-day simple moving average of $39.58 and a 200-day simple moving average of $38.63. The company has a market cap of $32.59 billion, a PE ratio of 28.20, a PEG ratio of 21.42 and a beta of 0.21.

Hedge Funds Weigh In On Chunghwa Telecom

Hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new stake in Chunghwa Telecom during the 3rd quarter worth about $397,000. GAMMA Investing LLC grew its position in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock worth $116,000 after purchasing an additional 1,285 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Chunghwa Telecom by 4.2% in the fourth quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider's stock valued at $368,000 after purchasing an additional 391 shares in the last quarter. Kathmere Capital Management LLC raised its position in Chunghwa Telecom by 59.5% during the fourth quarter. Kathmere Capital Management LLC now owns 34,401 shares of the utilities provider's stock valued at $1,295,000 after buying an additional 12,828 shares during the period. Finally, Ballentine Partners LLC boosted its position in Chunghwa Telecom by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider's stock worth $1,596,000 after acquiring an additional 16,977 shares during the period. Institutional investors and hedge funds own 2.11% of the company's stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.