ASE Technology Holding Co., Ltd. (NYSE:ASX) Sees Significant Decrease in Short Interest

ASE Technology Holding Co., Ltd. (NYSE:ASX) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 11,000,000 shares, a drop of 22.0% from the March 15th total of 14,100,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 11,320,000 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On ASE Technology

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in ASE Technology by 36.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company’s stock valued at $48,958,000 after acquiring an additional 1,290,605 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ASE Technology during the 4th quarter worth $710,000. Y Intercept Hong Kong Ltd boosted its position in ASE Technology by 28.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 33,542 shares in the last quarter. Rhumbline Advisers grew its stake in ASE Technology by 9.3% in the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company’s stock valued at $8,114,000 after purchasing an additional 68,654 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in ASE Technology by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company’s stock worth $157,843,000 after purchasing an additional 507,008 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

ASE Technology Trading Down 0.9 %

Shares of NYSE:ASX traded down $0.07 during trading on Monday, reaching $8.01. The company’s stock had a trading volume of 12,182,016 shares, compared to its average volume of 8,536,562. ASE Technology has a 12 month low of $6.94 and a 12 month high of $12.86. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $9.41 and its two-hundred day simple moving average is $9.86. The stock has a market capitalization of $17.68 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. On average, research analysts predict that ASE Technology will post 0.76 EPS for the current fiscal year.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.