Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 48.4% in March

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 420,300 shares, an increase of 48.4% from the March 15th total of 283,200 shares. Based on an average daily trading volume, of 82,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of Chunghwa Telecom

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Chunghwa Telecom by 154.6% in the 1st quarter. Royal Bank of Canada now owns 769 shares of the utilities provider's stock valued at $34,000 after buying an additional 467 shares in the last quarter. Simplex Trading LLC grew its position in Chunghwa Telecom by 332.1% in the 3rd quarter. Simplex Trading LLC now owns 834 shares of the utilities provider's stock valued at $29,000 after buying an additional 641 shares in the last quarter. Glassman Wealth Services grew its position in Chunghwa Telecom by 43.6% in the 4th quarter. Glassman Wealth Services now owns 1,011 shares of the utilities provider's stock valued at $40,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC bought a new position in Chunghwa Telecom in the 4th quarter valued at about $56,000. Finally, BNP Paribas Financial Markets grew its position in Chunghwa Telecom by 182.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,502 shares of the utilities provider's stock valued at $59,000 after buying an additional 970 shares in the last quarter. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Trading Down 1.3 %

NYSE CHT traded down $0.51 during mid-day trading on Friday, hitting $38.50. The company's stock had a trading volume of 55,770 shares, compared to its average volume of 69,647. The firm has a market capitalization of $29.87 billion, a P/E ratio of 25.16 and a beta of 0.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. Chunghwa Telecom has a 52-week low of $35.44 and a 52-week high of $41.58. The stock's fifty day simple moving average is $38.66 and its two-hundred day simple moving average is $37.76.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.57% and a return on equity of 9.49%. The firm had revenue of $1.94 billion for the quarter. Research analysts expect that Chunghwa Telecom will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd.

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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