ChipMOS TECHNOLOGIES INC. – Ame (NASDAQ:IMOS) Trading Volume Significantly Higher


ChipMOS TECHNOLOGIES INC. – Ame shares had a trading volume of 291K on Friday. Overall, volume was up 230.12% over the stocks normal daily volume.

Traders are more bearish on shares of ChipMOS TECHNOLOGIES INC. – Ame of late if you take into consideration the increase in short interest. The firm realized a rise in short interest of 48.26% as of September 15, 2017 from the last reporting period. Short shares increased from 64,488 to 95,609 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares was 0.00% on September 15.

A few notable investment firms have updated their holdings. As of the end of the quarter Citadel Advisors LLC had sold 76,611 shares trimming its position 73.0%. The value of the company’s investment in ChipMOS TECHNOLOGIES INC. – Ame went from $2,079,000 to $493,000 a change of 76.3% for the reporting period. State Street Corp bolstered its investment by buying 5,706 shares an increase of 19.1% in the quarter. State Street Corp now controls 35,637 shares valued at $705,000. The total value of its holdings increased 18.9%.

The company is so far trading down since yesterday’s close of 21.65. Shares of the company are trading at $21.47 which is just a bit higher than the 50 day moving average which is $19.63 and marginally over the 200 day moving average of $19.63. The 50 day moving average was up by +9.39% and the 200 day average was up $1.84.

The P/E ratio is 161.43 and market capitalization is 18.39B. As of the latest earnings report the EPS was $0.13 and is estimated to be $0.68 for the current year with 856,328,000 shares now outstanding. Next quarter’s EPS is estimated at $0.22 and the next full year EPS is projected to be $1.10.

ChipMOS TECHNOLOGIES INC. researches, develops, manufactures, and sells high integration and high precision IC products. The company provides a range of back-end testing and assembly services for semiconductor memory and mixed-signal products; and technical and assembly services for liquid crystal display driver IC products. It also offers various technologies, including lead frames and organic substrate carriers for the use in personal computers, networks/communications, office automation, and consumer electronics. In addition, the company engages in wafer bumping services; and manufacturing of memory modules. It serves semiconductor design houses, integrating device manufacturers, and semiconductor fabs in Taiwan, Singapore, the United States, Japan, Korea, Hong Kong, and other countries. The company was founded in 1997 and is based in Hsinchu, Taiwan..