ASE Technology Holding Co Ltd (ASX) Short Interest Up 69.8% in October

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ASE Technology Holding Co Ltd (NYSE:ASX) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,675,893 shares, an increase of 69.8% from the September 28th total of 986,712 shares. Based on an average daily trading volume, of 874,475 shares, the short-interest ratio is currently 1.9 days.

A number of brokerages recently commented on ASX. CLSA lowered shares of ASE Technology from an “outperform” rating to an “underperform” rating in a research note on Monday, October 8th. ValuEngine downgraded shares of ASE Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 6th. Finally, JPMorgan Chase & Co. downgraded shares of ASE Technology from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. ASE Technology has a consensus rating of “Hold” and an average target price of $8.25.

NYSE ASX opened at $3.94 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $8.52 billion, a price-to-earnings ratio of 11.59 and a beta of 0.77. ASE Technology has a 12-month low of $3.77 and a 12-month high of $8.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE bought a new stake in ASE Technology in the 2nd quarter valued at about $107,000. Cubist Systematic Strategies LLC bought a new stake in ASE Technology in the 2nd quarter valued at about $110,000. Signaturefd LLC bought a new stake in ASE Technology in the 2nd quarter valued at about $119,000. PNC Financial Services Group Inc. bought a new stake in ASE Technology in the 2nd quarter valued at about $136,000. Finally, Capital Fund Management S.A. bought a new stake in shares of ASE Technology during the 2nd quarter worth approximately $143,000. 5.44% of the stock is owned by hedge funds and other institutional investors.

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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