ASE Technology Holdings Limited (NYSE:ASX) Short Interest Update

ASE Technology Holdings Ltd (NYSE:ASX – Get Rating ) was the recipient of a sharp drop in short interest in November. As of November 15, short interest totaled 7.62 million shares, down 12.3% from 8.69 million shares on October 31. Based on an average daily volume of 9,370,000 shares, the short interest rate is currently 0.8 days. Currently, 0.4% of the stock is short-sold.

Wall Street analysts weigh in

Separately, StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Wednesday.

ASE Technology Price Performance

NYSE: Shares on the ASX were down $0.01 at $6.78 in midday trade on Friday. The company’s shares traded at 7,769,050 shares compared to an average of 9,336,130 shares. The company’s 50-day simple moving average is $5.56 and its 200-day simple moving average is $5.85. The company’s debt-to-equity ratio is 0.42, the quick ratio is 0.85, and the current ratio is 1.22. The company has a market cap of $14.79 billion, a P/E ratio of 5.56, a PEG ratio of 0.34, and a beta of 1.18. ASE Technology had a 1-year low of $4.45 and a 1-year high of $8.15.

Institutional inflows and outflows

Hedge funds and other institutional investors have recently increased or decreased their stakes in the company. EverSource Wealth Advisors LLC increased its stake in ASE Technology by 299.4% in the first quarter. EverSource Wealth Advisors LLC now owns 4,992 shares of the semiconductor company worth $35,000 after buying an additional 3,742 shares last quarter. CWM LLC increased its stake in ASE Technology by 116.8% during the second quarter. CWM LLC now owns 5,007 shares of the semiconductor company worth $26,000 after purchasing an additional 2,697 shares last quarter. Penserra Capital Management LLC bought a new position in ASE Technology worth $34,000 in the third quarter. Barings LLC bought a new position in ASE Technology for $71,000 in the first quarter. Finally, Ballentine Partners LLC bought a new position in ASE Technology stock worth $51,000 during the third quarter. Hedge funds and other institutional investors own 6.57% of the company’s shares.

ASE Technology Company Profile

(get rating)

ASE Technology Holdings Limited provides a range of semiconductor packaging and testing and electronics manufacturing services in the United States, Taiwan, the rest of Asia, Europe and internationally. It provides packaging services including flip chip ball grid array (BGA) and chip scale packaging (CSP), advanced chip scale packaging, quad flat pack, thin and thin quad flat pack, bumped chip carrier and quad flat no-lead (QFN) ) ) packages, advanced QFN packages, plastic BGA and 3D chip packaging; stacking solutions in various packages; and copper and silver wire bonding solutions.

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