Short Interest in Chipmos Technologies (NASDAQ:IMOS) Expands By 87.7%

Chipmos Technologies (NASDAQ:IMOS) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 72,936 shares, an increase of 87.7% from the May 14th total of 38,859 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 122,762 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Trading of Chipmos Technologies

Hedge funds have recently added to or reduced their stakes in the company. XY Capital Ltd purchased a new stake in Chipmos Technologies during the fourth quarter worth $314,000. Ballentine Partners LLC boosted its holdings in Chipmos Technologies by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 21,521 shares of the semiconductor company’s stock worth $638,000 after buying an additional 1,028 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Chipmos Technologies by 16,828.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,185 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,178 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Chipmos Technologies by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 3,276 shares of the semiconductor company’s stock worth $97,000 after buying an additional 410 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Chipmos Technologies during the third quarter worth $219,000. 7.39% of the stock is owned by hedge funds and other institutional investors.

Chipmos Technologies Price Performance

IMOS stock opened at $61.95 on Monday. The firm’s fifty day simple moving average is $51.05 and its 200-day simple moving average is $40.60. The company has a market capitalization of $2.18 billion, a P/E ratio of 84.29 and a beta of 1.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.40 and a quick ratio of 2.08. Chipmos Technologies has a 12 month low of $15.06 and a 12 month high of $70.99.

Chipmos Technologies Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, June 29th will be issued a $0.7826 dividend. This is an increase from Chipmos Technologies’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Monday, June 29th. This represents a dividend yield of 142.0%. Chipmos Technologies’s payout ratio is currently 86.49%.

Chipmos Technologies Company Profile

ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.

Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.