Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get Free Report) saw a large 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 short sold.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in Chunghwa Telecom by 1.3% during the first quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after acquiring an additional 36,820 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Chunghwa Telecom by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after purchasing an additional 31,280 shares during the period. Creative Planning grew its position in Chunghwa Telecom by 20.0% in the 3rd quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after purchasing an additional 63,523 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Chunghwa Telecom by 12.7% during the 3rd quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock worth $16,195,000 after purchasing an additional 41,823 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Chunghwa Telecom by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after purchasing an additional 148,378 shares during the period. 2.11% of the stock is currently owned by institutional investors and hedge funds.
Chunghwa Telecom Stock Down 1.2%
Shares of NYSE CHT traded down $0.58 during trading hours on Wednesday, hitting $45.69. The stock had a trading volume of 80,667 shares, compared to its average volume of 182,051. The firm’s 50-day moving average price is $43.78 and its two-hundred day moving average price is $42.75. Chunghwa Telecom has a 52 week low of $39.28 and a 52 week high of $47.03. The company has a market capitalization of $35.45 billion, a P/E ratio of 27.86, a P/E/G ratio of 6.28 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.64.
Chunghwa Telecom Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.6525 dividend. This represents a yield of 370.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s payout ratio is 78.05%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Analysis on CHT
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.
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