Short Interest Worth Mentioning Today: Chunghwa Telecom Company Limited (NYSE:CHT) Could Burn Your Long Portfolio After More Shorts

November 29, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Worth Mentioning Today: Chunghwa Telecom Company Limited (NYSE:CHT) Could Burn Your Long Portfolio After More Shorts

The stock of Chunghwa Telecom Company Limited (NYSE:CHT) registered an increase of 10.32% in short interest. CHT’s total short interest was 566,600 shares in November as published by FINRA. Its up 10.32% from 513,600 shares, reported previously. With 330,000 shares average volume, it will take short sellers 2 days to cover their CHT’s short positions. The short interest to Chunghwa Telecom Company Limited’s float is 0.12%. About 124,505 shares traded hands. Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) has declined 1.91% since April 26, 2016 and is downtrending. It has underperformed by 7.16% the S&P500.

Chunghwa Telecom Co., Ltd. provides telecommunication services. The company has a market cap of $26.28 billion. The Company’s divisions include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology and other international services, and Others, which is engaged in the provision of non-telecom services. It has a 19.82 P/E ratio.

Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) Ratings Coverage

Out of 3 analysts covering Chunghwa Telecom Co. (NYSE:CHT), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Chunghwa Telecom Co. has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, April 28 by Citigroup. The firm has “Buy” rating given on Tuesday, May 3 by UBS. The rating was initiated by Credit Suisse on Friday, January 8 with “Neutral”. Citigroup upgraded Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) on Tuesday, August 25 to “Neutral” rating. The rating was upgraded by Zacks on Tuesday, August 4 to “Hold”.

CHT Company Profile

Chunghwa Telecom Co., Ltd., incorporated on June 15, 1996, is a telecommunications service well-known provider in Taiwan. The Company’s divisions include Domestic fixed communications business, Mobile communications business, Internet business, International fixed communications business and Others. The Firm also focuses on selected information and communication technology (ICT) services and advanced developments. In addition to developing ICT businesses, it also pursues ICT projects from both public and private sectors.

Another recent and important Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT) news was published by Prnewswire.com which published an article titled: “Chunghwa Telecom Reports Un-audited Consolidated Operating Results for the …” on October 27, 2016.

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By Dolores Ford


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