ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Sees Significant Growth in Short Interest

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 14,700 shares, a growth of 6.5% from the August 31st total of 13,800 shares. Based on an average daily trading volume, of 18,600 shares, the short-interest ratio is presently 0.8 days.

ChipMOS TECHNOLOGIES Price Performance

Shares of ChipMOS TECHNOLOGIES stock opened at $23.40 on Tuesday. ChipMOS TECHNOLOGIES has a 1-year low of $21.47 and a 1-year high of $32.19. The firm has a fifty day simple moving average of $23.17 and a 200-day simple moving average of $26.30. The company has a current ratio of 3.38, a quick ratio of 3.04 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $850.87 million, a price-to-earnings ratio of 12.65 and a beta of 0.90.

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

Institutional Investors Weigh In On ChipMOS TECHNOLOGIES

Hedge funds and other institutional investors have recently modified their holdings of the stock. JNBA Financial Advisors bought a new stake in ChipMOS TECHNOLOGIES in the 1st quarter valued at $31,000. BNP Paribas Financial Markets bought a new stake in shares of ChipMOS TECHNOLOGIES in the first quarter valued at about $42,000. HBK Sorce Advisory LLC acquired a new stake in ChipMOS TECHNOLOGIES during the first quarter worth about $201,000. Blue Trust Inc. increased its stake in ChipMOS TECHNOLOGIES by 49,831.3% during the second quarter. Blue Trust Inc. now owns 7,989 shares of the semiconductor company’s stock valued at $209,000 after acquiring an additional 7,973 shares during the period. Finally, Ballentine Partners LLC raised its holdings in ChipMOS TECHNOLOGIES by 47.6% in the 1st quarter. Ballentine Partners LLC now owns 13,480 shares of the semiconductor company’s stock valued at $424,000 after acquiring an additional 4,348 shares in the last quarter. Institutional investors and hedge funds own 7.39% of the company’s stock.

Wall Street Analyst Weigh In

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

About ChipMOS TECHNOLOGIES

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People’s Republic of China, Taiwan, 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.