Short Interest in ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Grows By 646.2%

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOSGet Free Report) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 69,400 shares, a growth of 646.2% from the January 31st total of 9,300 shares. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 3.7 days.

ChipMOS TECHNOLOGIES Stock Performance

IMOS traded down $0.11 on Wednesday, hitting $27.79. 16,694 shares of the stock traded hands, compared to its average volume of 24,017. ChipMOS TECHNOLOGIES has a 52 week low of $21.58 and a 52 week high of $31.11. The company has a current ratio of 3.20, a quick ratio of 2.77 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.01 billion, a PE ratio of 16.84 and a beta of 0.91. The business has a fifty day moving average price of $27.43 and a two-hundred day moving average price of $25.46.

ChipMOS TECHNOLOGIES (NASDAQ:IMOSGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. ChipMOS TECHNOLOGIES had a return on equity of 7.66% and a net margin of 8.85%. The firm had revenue of $187.00 million for the quarter, compared to analyst estimates of $175.31 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year.

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Several large investors have recently modified their holdings of the stock. UBS Group AG bought a new position in shares of ChipMOS TECHNOLOGIES in the 1st quarter worth $27,000. Russell Investments Group Ltd. bought a new position in ChipMOS TECHNOLOGIES during the second quarter worth about $57,000. Lindbrook Capital LLC raised its stake in shares of ChipMOS TECHNOLOGIES by 28.8% in the 3rd quarter. Lindbrook Capital LLC now owns 3,157 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 705 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of ChipMOS TECHNOLOGIES by 36.3% in the third quarter. EverSource Wealth Advisors LLC now owns 3,250 shares of the semiconductor company’s stock valued at $75,000 after acquiring an additional 865 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of ChipMOS TECHNOLOGIES by 32.4% in the first quarter. Bank of America Corp DE now owns 3,266 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 800 shares during the last quarter. 7.16% of the stock is currently owned by institutional investors.

About ChipMOS TECHNOLOGIES

(Get Free Report)

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.

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