Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get Rating) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 380,000 shares, an increase of 8.8% from the October 31st total of 349,300 shares. Based on an average daily trading volume, of 243,200 shares, the short-interest ratio is currently 1.6 days. Currently, 0.1% of the shares of the company are short sold.
Chunghwa Telecom Stock Performance
Shares of CHT traded up $0.21 during mid-day trading on Friday, reaching $36.41. The company’s stock had a trading volume of 166,584 shares, compared to its average volume of 214,044. Chunghwa Telecom has a 1-year low of $32.90 and a 1-year high of $45.87. The stock has a market cap of $28.24 billion, a P/E ratio of 22.34 and a beta of 0.12. The business has a 50-day simple moving average of $34.59 and a two-hundred day simple moving average of $38.75. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.08.
Analysts Set New Price Targets
Separately, StockNews.com cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday.
Institutional Trading of Chunghwa Telecom
Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Chunghwa Telecom by 19.0% in the 2nd quarter. US Bancorp DE now owns 185,135 shares of the utilities provider’s stock valued at $7,635,000 after purchasing an additional 29,616 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Chunghwa Telecom by 11.1% in the 2nd quarter. Deutsche Bank AG now owns 100,000 shares of the utilities provider’s stock valued at $4,125,000 after purchasing an additional 10,000 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of Chunghwa Telecom in the 2nd quarter valued at $239,000. Crossmark Global Holdings Inc. increased its stake in shares of Chunghwa Telecom by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 78,331 shares of the utilities provider’s stock valued at $3,231,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Chunghwa Telecom by 7.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 21,979 shares of the utilities provider’s stock valued at $907,000 after purchasing an additional 1,606 shares during the last quarter. 2.43% of the stock is owned by institutional investors and hedge funds.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.
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