Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 31.9% in March

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 808,100 shares, a growth of 31.9% from the February 28th total of 612,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 104,900 shares, the short-interest ratio is currently 7.7 days.

Chunghwa Telecom Trading Down 0.2 %

Shares of NYSE CHT traded down $0.06 during trading hours on Wednesday, hitting $39.28. The company’s stock had a trading volume of 51,329 shares, compared to its average volume of 93,529. Chunghwa Telecom has a 12 month low of $35.92 and a 12 month high of $40.62. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 21.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The business has a 50-day simple moving average of $38.89 and a 200-day simple moving average of $38.42.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at about $397,000. Ballentine Partners LLC boosted its position in Chunghwa Telecom by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock valued at $1,596,000 after acquiring an additional 16,977 shares in the last quarter. US Bancorp DE grew its holdings in shares of Chunghwa Telecom by 15.3% during the 4th quarter. US Bancorp DE now owns 33,206 shares of the utilities provider’s stock worth $1,250,000 after acquiring an additional 4,416 shares during the period. Natixis Advisors LLC raised its position in shares of Chunghwa Telecom by 19.3% in the 4th quarter. Natixis Advisors LLC now owns 42,242 shares of the utilities provider’s stock worth $1,590,000 after acquiring an additional 6,826 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Chunghwa Telecom by 35.8% in the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock valued at $1,987,000 after purchasing an additional 13,195 shares during the period. 2.11% of the stock is 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.