Short Interest in Chipmos Technologies (NASDAQ:IMOS) Grows By 302.2%

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 89,881 shares, an increase of 302.2% from the December 31st total of 22,348 shares. Based on an average trading volume of 40,513 shares, the short-interest ratio is currently 2.2 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 40,513 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Chipmos Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of IMOS. Farther Finance Advisors LLC lifted its holdings in Chipmos Technologies by 16,828.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 1,178 shares during the period. GAMMA Investing LLC lifted its stake in Chipmos Technologies by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock valued at $97,000 after buying an additional 410 shares during the period. Allworth Financial LP lifted its stake in Chipmos Technologies by 74.7% in the third quarter. Allworth Financial LP now owns 1,373 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 587 shares during the period. Bank of America Corp DE boosted its holdings in shares of Chipmos Technologies by 10.0% during the 3rd quarter. Bank of America Corp DE now owns 13,037 shares of the semiconductor company’s stock worth $249,000 after buying an additional 1,185 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Chipmos Technologies in the third quarter worth $219,000. 7.39% of the stock is currently owned by institutional investors and hedge funds.

Chipmos Technologies Price Performance

Shares of NASDAQ IMOS traded down $1.29 during mid-day trading on Wednesday, hitting $41.63. 8,516 shares of the stock traded hands, compared to its average volume of 41,260. The company has a market cap of $1.47 billion, a PE ratio of 260.21 and a beta of 1.04. Chipmos Technologies has a twelve month low of $12.78 and a twelve month high of $45.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.47 and a quick ratio of 2.12. The firm has a 50 day simple moving average of $32.05 and a two-hundred day simple moving average of $23.70.

Chipmos Technologies (NASDAQ:IMOS) last posted its earnings results on Tuesday, November 11th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.13 by $0.20. Chipmos Technologies had a return on equity of 0.75% and a net margin of 0.78%.The firm had revenue of $201.70 million during the quarter, compared to the consensus estimate of $6.50 billion. During the same period last year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IMOS. Weiss Ratings raised Chipmos Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan?based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back?end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system?on?chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.