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ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

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ASE Technology Holding Co., Ltd. (NYSE:ASXGet Rating) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 6,620,000 shares, a drop of 26.9% from the May 31st total of 9,050,000 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 6,950,000 shares, the short-interest ratio is presently 1.0 days.

Several hedge funds and other institutional investors have recently made changes to their positions in ASX. Invesco Ltd. grew its stake in ASE Technology by 0.6% in the third quarter. Invesco Ltd. now owns 560,211 shares of the semiconductor company’s stock valued at $4,398,000 after acquiring an additional 3,224 shares during the period. Royal Bank of Canada raised its holdings in ASE Technology by 20.1% during the 3rd quarter. Royal Bank of Canada now owns 516,352 shares of the semiconductor company’s stock worth $4,054,000 after buying an additional 86,435 shares during the period. Wellington Management Group LLP lifted its stake in ASE Technology by 45.3% in the third quarter. Wellington Management Group LLP now owns 440,558 shares of the semiconductor company’s stock valued at $3,458,000 after buying an additional 137,287 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of ASE Technology by 3.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 74,917 shares of the semiconductor company’s stock valued at $585,000 after buying an additional 2,560 shares during the period. Finally, CAPROCK Group Inc. increased its position in shares of ASE Technology by 35.4% during the fourth quarter. CAPROCK Group Inc. now owns 43,662 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 11,417 shares in the last quarter. 6.48% of the stock is currently owned by institutional investors.

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Separately, StockNews.com upgraded ASE Technology from a “hold” rating to a “buy” rating in a research report on Saturday, April 23rd.

ASX stock traded down $0.16 during midday trading on Friday, reaching $5.01. The company’s stock had a trading volume of 7,141,364 shares, compared to its average volume of 6,319,968. The business’s 50-day simple moving average is $6.58 and its 200-day simple moving average is $7.05. The stock has a market cap of $10.99 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 0.22 and a beta of 1.11. ASE Technology has a 52 week low of $4.98 and a 52 week high of $9.62. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

ASE Technology (NYSE:ASXGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.21 EPS for the quarter. ASE Technology had a return on equity of 26.31% and a net margin of 11.49%. The business had revenue of $5.16 billion during the quarter. As a group, equities analysts forecast that ASE Technology will post 0.87 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Thursday, August 4th. Investors of record on Thursday, June 30th will be given a $0.4794 dividend. This represents a dividend yield of 8%. This is an increase from ASE Technology’s previous annual dividend of $0.30. The ex-dividend date of this dividend is Wednesday, June 29th. ASE Technology’s dividend payout ratio (DPR) is currently 32.73%.

About ASE Technology (Get Rating)

ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip scale package (CSP), advanced chip scale packages, quad flat packages, low profile and thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, and 3D chip packages; stacked die solutions in various packages; and copper and silver wire bonding solutions.

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