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

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 significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 635,100 shares, a growth of 32.3% from the July 31st total of 480,000 shares. Based on an average daily trading volume, of 129,500 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.1% of the company's shares are sold short. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 129,500 shares, the days-to-cover ratio is presently 4.9 days.

Chunghwa Telecom Trading Down 0.1%

NYSE:CHT traded down $0.06 on Friday, reaching $44.92. 134,649 shares of the company's stock were exchanged, compared to its average volume of 107,805. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $34.85 billion, a price-to-earnings ratio of 29.36 and a beta of 0.27. The business has a fifty day moving average of $44.37 and a 200-day moving average of $42.72. Chunghwa Telecom has a 52-week low of $36.61 and a 52-week high of $47.03.

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

Institutional Trading of Chunghwa Telecom

A number of large investors have recently made changes to their positions in CHT. Northern Trust Corp increased its stake in shares of Chunghwa Telecom by 420.8% during the fourth quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after buying an additional 546,436 shares during the period. Acadian Asset Management LLC grew its position in shares of Chunghwa Telecom by 142.3% during the first quarter. Acadian Asset Management LLC now owns 465,571 shares of the utilities provider's stock worth $18,250,000 after acquiring an additional 273,449 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Chunghwa Telecom by 411.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 297,704 shares of the utilities provider's stock worth $13,876,000 after acquiring an additional 239,458 shares during the last quarter. GAMMA Investing LLC grew its position in Chunghwa Telecom by 6,440.5% in the 1st quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock valued at $7,912,000 after buying an additional 198,690 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Chunghwa Telecom by 15.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider's stock valued at $43,788,000 after buying an additional 145,984 shares during the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Company Profile

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.