Chunghwa Telecom Co., Ltd. (NYSE:CHT) Short Interest Up 17.5% in January

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 659,600 shares, an increase of 17.5% from the January 15th total of 561,400 shares. Based on an average daily trading volume, of 109,400 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.1% of the company’s stock are short sold.

Chunghwa Telecom Stock Down 0.2 %

Shares of Chunghwa Telecom stock opened at $38.52 on Monday. The business’s 50 day simple moving average is $38.07 and its 200 day simple moving average is $38.24. Chunghwa Telecom has a 52-week low of $35.92 and a 52-week high of $40.62. The firm has a market cap of $29.88 billion, a PE ratio of 25.86, a P/E/G ratio of 21.25 and a beta of 0.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results 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 predict that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in Chunghwa Telecom by 120.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after purchasing an additional 500,475 shares in the last quarter. Barclays PLC bought a new position in Chunghwa Telecom in the third quarter valued at approximately $397,000. Ballentine Partners LLC grew its stake in Chunghwa Telecom by 66.8% in the fourth quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock valued at $1,596,000 after purchasing an additional 16,977 shares in the last quarter. Creative Planning grew its stake in Chunghwa Telecom by 1.1% in the third quarter. Creative Planning now owns 124,913 shares of the utilities provider’s stock valued at $4,955,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Chunghwa Telecom by 88.0% in the third quarter. Blue Trust Inc. now owns 36,893 shares of the utilities provider’s stock valued at $1,424,000 after purchasing an additional 17,270 shares in the last quarter. 2.11% of the stock is currently owned by 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.