ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Short Interest Down 42.7% in August

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 13,800 shares, a drop of 42.7% from the August 15th total of 24,100 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 0.7 days.

ChipMOS TECHNOLOGIES Stock Performance

IMOS stock opened at $22.83 on Friday. The firm has a 50 day moving average of $23.82 and a two-hundred day moving average of $26.82. ChipMOS TECHNOLOGIES has a 12 month low of $21.47 and a 12 month high of $32.19. The company has a market capitalization of $830.10 million, a price-to-earnings ratio of 12.34 and a beta of 0.90. The company has a quick ratio of 3.04, a current ratio of 3.38 and a debt-to-equity ratio of 0.54.

ChipMOS TECHNOLOGIES (NASDAQ:IMOS) last released its quarterly earnings data on Tuesday, August 13th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.11). The business had revenue of $179.00 million during the quarter, compared to analyst estimates of $177.96 million. ChipMOS TECHNOLOGIES had a net margin of 8.67% and a return on equity of 7.72%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS.

Analyst Ratings Changes

Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

Institutional Trading of ChipMOS TECHNOLOGIES

A number of institutional investors and hedge funds have recently made changes to their positions in IMOS. JNBA Financial Advisors acquired a new stake in ChipMOS TECHNOLOGIES in the 1st quarter worth approximately $31,000. BNP Paribas Financial Markets bought a new stake in shares of ChipMOS TECHNOLOGIES during the 1st quarter worth $42,000. HBK Sorce Advisory LLC acquired a new position in ChipMOS TECHNOLOGIES in the 1st quarter valued at $201,000. Blue Trust Inc. raised its holdings in ChipMOS TECHNOLOGIES by 49,831.3% in the 2nd quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 7,973 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in ChipMOS TECHNOLOGIES during the 4th quarter worth $220,000. Institutional investors and hedge funds own 7.39% of the company’s stock.

ChipMOS TECHNOLOGIES Company Profile

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.