Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Update

Key Points

• Taiwan Fund, Inc. experienced a significant increase in short interest, rising by 92.3% to 7,500 shares as of August 31st, compared to 3,900 shares on August 15th.
• The stock's price increased by $0.40, reaching $53.61, with a current days-to-cover ratio of 0.8 days.
• Institutional investors have been actively acquiring shares, with Banque Cantonale Vaudoise investing approximately $830,000 in the first quarter alone.

Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,500 shares, an increase of 92.3% from the August 15th total of 3,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 9,300 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 9,300 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Taiwan Fund Stock Performance

Shares of NYSE:TWN traded up $0.16 during trading on Friday, reaching $54.50. The stock had a trading volume of 4,842 shares, compared to its average volume of 8,493. Taiwan Fund has a 52 week low of $26.45 and a 52 week high of $54.95. The business's 50-day moving average price is $48.79 and its 200 day moving average price is $40.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC bought a new position in shares of Taiwan Fund in the fourth quarter valued at approximately $268,000. Shaker Financial Services LLC raised its stake in shares of Taiwan Fund by 22.2% in the first quarter. Shaker Financial Services LLC now owns 43,272 shares of the company's stock valued at $1,437,000 after acquiring an additional 7,861 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Taiwan Fund in the fourth quarter valued at approximately $206,000. Strs Ohio bought a new position in shares of Taiwan Fund in the first quarter valued at approximately $2,325,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Taiwan Fund in the first quarter valued at approximately $830,000.

Taiwan Fund Company Profile

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.