ASE Technology Holding Co Ltd (ASX) Short Interest Up 63.9% in January

ASE Technology Holding Co Ltd (NYSE:ASX) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,069,951 shares, an increase of 63.9% from the January 15th total of 652,698 shares. Based on an average daily trading volume, of 856,931 shares, the days-to-cover ratio is currently 1.2 days.

Several large investors have recently added to or reduced their stakes in ASX. LMR Partners LLP increased its holdings in shares of ASE Technology by 235.4% in the fourth quarter. LMR Partners LLP now owns 6,277,234 shares of the semiconductor company’s stock valued at $23,959,000 after purchasing an additional 4,405,891 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of ASE Technology in the second quarter valued at approximately $9,758,000. FNY Investment Advisers LLC acquired a new position in shares of ASE Technology in the fourth quarter valued at approximately $6,868,000. Northern Trust Corp acquired a new position in shares of ASE Technology in the second quarter valued at approximately $4,906,000. Finally, Mondrian Investment Partners LTD increased its holdings in shares of ASE Technology by 89.0% in the third quarter. Mondrian Investment Partners LTD now owns 1,958,365 shares of the semiconductor company’s stock valued at $9,459,000 after purchasing an additional 922,027 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ASX opened at $3.81 on Friday. The company has a market capitalization of $8.17 billion, a PE ratio of 9.77 and a beta of 0.92. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65. ASE Technology has a 12-month low of $3.46 and a 12-month high of $8.00.

A number of brokerages have weighed in on ASX. Zacks Investment Research cut ASE Technology from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine upgraded ASE Technology from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Macquarie cut ASE Technology from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. ASE Technology currently has a consensus rating of “Sell” and an average price target of $4.25.

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About ASE Technology

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.

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