Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 32.3% in August

Key Points

• Chunghwa Telecom's short interest increased by 32.3% in August, totaling 635,100 shares as of August 15th, up from 480,000 shares at the end of July.
• Several institutional investors made significant changes to their positions in Chunghwa Telecom during the second quarter, including a 664.1% increase by Osaic Holdings Inc..
• The company's latest quarterly earnings report showed earnings per share (EPS) of $0.43, slightly beating analysts' expectations of $0.42, with total revenue reported at $1.90 billion.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totaling 635,100 shares, anincreaseof32.3% from the July 31st total of 480,000 shares. Based on an average daily volume of 129,500 shares, the short-interest ratio is currently 4.9 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 129,500 shares, the short-interest ratio is currently 4.9 days.

Institutional Investors Weigh In On Chunghwa Telecom

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Chunghwa Telecom by 664.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,195 shares of the utilities provider's stock valued at $195,000 after acquiring an additional 3,646 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Chunghwa Telecom by 21.5% in the second quarter. Orion Porfolio Solutions LLC now owns 56,012 shares of the utilities provider's stock worth $2,611,000 after buying an additional 9,925 shares during the period. Fulcrum Equity Management acquired a new stake in Chunghwa Telecom in the second quarter worth $250,000. Evergreen Capital Management LLC acquired a new stake in Chunghwa Telecom in the second quarter worth $679,000. Finally, Vident Advisory LLC grew its position in shares of Chunghwa Telecom by 43.7% during the second quarter. Vident Advisory LLC now owns 109,845 shares of the utilities provider's stock worth $5,120,000 after acquiring an additional 33,397 shares during the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Performance

CHT stock opened at $44.48 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm has a market cap of $34.51 billion, a P/E ratio of 29.14 and a beta of 0.27. Chunghwa Telecom has a 12-month low of $36.61 and a 12-month high of $47.03. The stock's 50 day simple moving average is $44.49 and its 200 day simple moving average is $42.59.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. As a group, equities research analysts predict that Chunghwa Telecom will post 1.44 EPS for the current year.

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.

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