Short Interest in ASE Technology Holding Co., Ltd. (NYSE:ASX) Expands By 99.5%

Posted by Brenda Bartman on Jun 1st, 2026

ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 16,115,984 shares, an increase of 99.5% from the April 30th total of 8,078,645 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 7,898,828 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASX. Wall Street Zen upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research raised ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Check Out Our Latest Research Report on ASE Technology

ASE Technology Trading Down 0.6%

ASE Technology stock traded down $0.22 during midday trading on Monday, reaching $38.13. The stock had a trading volume of 6,600,588 shares, compared to its average volume of 8,018,058. The firm’s fifty day simple moving average is $29.38 and its two-hundred day simple moving average is $22.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.89. ASE Technology has a twelve month low of $9.26 and a twelve month high of $41.10. The firm has a market cap of $84.78 billion, a price-to-earnings ratio of 56.07, a PEG ratio of 0.77 and a beta of 1.72.

ASE Technology (NYSE:ASX – Get Free Report) last issued its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.32 billion. ASE Technology had a return on equity of 13.48% and a net margin of 7.03%. Equities analysts anticipate that ASE Technology will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On ASE Technology

Hedge funds have recently bought and sold shares of the business. Amundi lifted its position in shares of ASE Technology by 66.2% in the first quarter. Amundi now owns 285,688 shares of the semiconductor company’s stock worth $6,194,000 after buying an additional 113,758 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of ASE Technology by 45.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 33,134 shares of the semiconductor company’s stock valued at $718,000 after acquiring an additional 10,369 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in ASE Technology by 37.8% in the 1st quarter. Quantinno Capital Management LP now owns 588,182 shares of the semiconductor company’s stock worth $12,752,000 after purchasing an additional 161,471 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in ASE Technology by 29.0% in the 1st quarter. Bridgewater Advisors Inc. now owns 39,743 shares of the semiconductor company’s stock worth $862,000 after purchasing an additional 8,933 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ASE Technology during the first quarter worth approximately $8,932,000. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Company Profile

(Get Free Report)

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.