Short Interest in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Grows By 11.2%

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 283,200 shares, a growth of 11.2% from the February 29th total of 254,700 shares. Based on an average trading volume of 86,300 shares, the short-interest ratio is presently 3.3 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Chunghwa Telecom by 154.6% during the first quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock worth $34,000 after buying an additional 467 shares during the period. Simplex Trading LLC raised its stake in shares of Chunghwa Telecom by 332.1% in the third quarter. Simplex Trading LLC now owns 834 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 641 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Chunghwa Telecom by 43.6% in the fourth quarter. Glassman Wealth Services now owns 1,011 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 307 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter valued at $56,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Chunghwa Telecom by 182.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,502 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 970 shares in the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Trading Up 0.6 %

CHT opened at $39.58 on Wednesday. Chunghwa Telecom has a 52 week low of $35.44 and a 52 week high of $41.58. The business has a fifty day simple moving average of $38.50 and a 200-day simple moving average of $37.58. The firm has a market cap of $30.70 billion, a P/E ratio of 25.87 and a beta of 0.17. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.08.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report 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.