Is Buying Chunghwa Telecom CO LTD. (NYSE:CHT) Here Good Idea?

June 27, 2018 - By Rusty Cady

Chunghwa Telecom Co., Ltd. (NYSE:CHT) Logo

The stock of Chunghwa Telecom CO LTD. (NYSE:CHT) registered a decrease of 15.88% in short interest. CHT’s total short interest was 601,200 shares in June as published by FINRA. Its down 15.88% from 714,700 shares, reported previously. With 121,300 shares average volume, it will take short sellers 5 days to cover their CHT’s short positions. The short interest to Chunghwa Telecom CO LTD.’s float is 0.13%.

The stock increased 0.21% or $0.075 during the last trading session, reaching $35.955. About 3,462 shares traded. Chunghwa Telecom Co., Ltd. (NYSE:CHT) has risen 3.67% since June 27, 2017 and is uptrending. It has underperformed by 8.90% the S&P500.

Chunghwa Telecom Co., Ltd. provides telecommunication services primarily in Taiwan. The company has market cap of $28.55 billion. The companyÂ’s Domestic Fixed Communications Business segment provides local telephone, domestic long distance telephone, broadband access, local and domestic long distance leased line, Wi-Fi, and multimedia on demand services; and other domestic services, including information and communication technology , corporate solution services, and bill handling services. It has a 22.19 P/E ratio. This segment also offers interconnection with its fixed-line network to other mobile and fixed-line operators.

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