Chunghwa Telecom Co., Ltd. (NYSE:CHT) Sees Significant Decrease in Short Interest

Chunghwa Telecom Co., Ltd. (NYSE:CHT) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 761,654 shares, a drop of 36.3% from the May 14th total of 1,196,537 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 143,529 shares, the days-to-cover ratio is currently 5.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of Chunghwa Telecom

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC bought a new position in Chunghwa Telecom during the 2nd quarter valued at approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth approximately $59,000. Inspire Investing LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $75,000. SG Americas Securities LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $130,000. Finally, Focus Partners Wealth bought a new position in shares of Chunghwa Telecom during the third quarter valued at approximately $143,000. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Trading Up 0.6%

Chunghwa Telecom stock traded up $0.28 during trading hours on Tuesday, reaching $46.27. The company had a trading volume of 54,333 shares, compared to its average volume of 182,496. The firm has a market cap of $35.89 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 6.29 and a beta of 0.29. Chunghwa Telecom has a 12-month low of $39.28 and a 12-month high of $47.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The company has a 50-day moving average price of $43.70 and a 200 day moving average price of $42.72.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 EPS for the quarter. The company had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. Equities analysts forecast that Chunghwa Telecom will post 1.56 earnings per share for the current year.

Chunghwa Telecom Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.6525 per share. This represents a dividend yield of 370.0%. The ex-dividend date of this dividend is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio is 79.27%.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.