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

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

Wall Street Analyst Weigh In

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

Chunghwa Telecom Stock Up 0.0%

Shares of NYSE:CHT opened at $46.10 on Monday. The company has a market capitalization of $35.76 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 6.29 and a beta of 0.29. 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 business has a fifty day moving average price of $43.63 and a two-hundred day moving average price of $42.69. Chunghwa Telecom has a 1 year low of $39.28 and a 1 year high of $47.03.

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

Chunghwa Telecom Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new position in shares of Chunghwa Telecom during the 2nd quarter valued at $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Chunghwa Telecom during the 4th quarter valued at $59,000. Inspire Investing LLC purchased a new position in shares of Chunghwa Telecom during the 4th quarter valued at $75,000. SG Americas Securities LLC purchased a new position in shares of Chunghwa Telecom during the 4th quarter valued at $130,000. Finally, Focus Partners Wealth purchased a new position in shares of Chunghwa Telecom during the 3rd quarter valued at $143,000. Institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

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.