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

ASE Technology Holding Co., Ltd. (NYSE:ASX) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 7,615,769 shares, a decrease of 12.4% from the December 31st total of 8,695,212 shares. Based on an average daily volume of 7,154,595 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 7,154,595 shares, the short-interest ratio is presently 1.1 days.

ASE Technology Trading Up 2.2%

NYSE:ASX opened at $19.39 on Tuesday. ASE Technology has a 12-month low of $6.94 and a 12-month high of $20.49. The firm has a market cap of $43.02 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $16.89 and a 200 day moving average price of $13.55.

Institutional Trading of ASE Technology

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in ASE Technology in the fourth quarter worth approximately $27,000. Farther Finance Advisors LLC increased its position in shares of ASE Technology by 154.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 1,666 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ASE Technology by 1,704.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 2,506 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of ASE Technology during the 4th quarter worth $32,000. Finally, WealthCollab LLC lifted its position in shares of ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,726 shares during the last quarter. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ASX. Wall Street Zen downgraded ASE Technology from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Nomura upgraded ASE Technology from a “neutral” rating to a “buy” rating in a report on Thursday, October 30th. Zacks Research lowered shares of ASE Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.