ASE Technology Holding Co., Ltd. (NYSE: ASX) Short interest fell 6.2% in September

ASE Technology Holding Co., Ltd. (NYSE: ASX – Get Rating ) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,920,000 shares, down 6.2% from the August 31st total of 8,440,000 shares. Approximately 0.4% of the company’s shares were sold short. Based on an average trading volume of 6,460,000 shares, the short interest ratio is currently 1.2 days.

ASE tech trade down 0.4%

Shares on the ASX opened at $4.99 on Monday. The stock’s 50-day moving average is $5.73, and its two-hundred-day moving average is $6.24. The stock has a market cap of $10.88 billion, a PE ratio of 4.19, a P/E/G ratio of 0.25 and a beta of 1.12. ASE Technology has a 12-month low of $4.88 and a 12-month high of $8.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick earnings ratio of 0.83.

ASE Technology (NYSE:ASX – Get Rating ) last issued its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $0.25 EPS for the quarter. The company had revenue of $5.45 billion for the quarter. ASE Technology had a return on equity of 27.91% and a net margin of 11.80%. equities analysts forecast that ASE Technology will post 0.88 earnings per share for the current fiscal year.

Promote and demote an analyst

Separately, StockNews.com raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, September 28th.

Institutional inflows and outflows

Institutional investors have recently modified their holdings of businesses. Edmond DE Rothschild Holding SA boosted its stake in shares of ASE Technology by 118.2% in the first quarter. Edmond DE Rothschild Holding SA now owns 29,825 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 16,157 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of ASE Technology by 11.5% in the first quarter. Park Avenue Securities LLC now owns 64,068 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 6,593 shares in the last quarter. Wealth Alliance acquired a new position in shares of ASE Technology in the first quarter worth about $150,000. Aaron Wealth Advisors LLC increased its stake in shares of ASE Technology by 602.0% in the first quarter. Aaron Wealth Advisors LLC now owns 102,790 shares of the semiconductor company’s stock valued at $14,498,000 after acquiring an additional 88,147 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. raised its stake in shares of ASE Technology by 14.4% during the first quarter. Desjardins Global Asset Management Inc. now owns 46,728 shares of the semiconductor company’s stock valued at $331,000 after acquiring an additional 5,868 shares in the last quarter. Institutional investors and hedge funds own 6.57% of the company’s shares.

About ASE technology

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ASE Technology Holding Co., Ltd. provides a range of semiconductor packaging and test and electronic manufacturing services in the United States, Taiwan, the rest of Asia, Europe and internationally. Offers packaging services including flip chip ball grid (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, boom chip carrier and quad flat without lead (QFN ) packages, advanced QFN packages, plastic BGA and 3D chip packages; stacked dies in various packages; and copper and silver wire bonding solutions.

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