Will ChipMOS Technologies Inc - ADR (IMOS) Short Squeeze Soon?

Geronimo Vena
Agosto 15, 2017

EXCO Resources Inc (XCO) has $27.28 million valuation. About shares traded. EXCO Resources Inc (NYSE:XCO) has declined 39.26% since August 14, 2016 and is downtrending. It has underperformed by 2.62% the S&P500.

News articles about Chipmos Technologies (NASDAQ:IMOS) have been trending somewhat negative this week, Accern Sentiment reports. IMOS's total short interest was 119,800 shares in August as published by FINRA. Accern also gave media coverage about the semiconductor company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. Russell Investments Group Ltd. acquired a new stake in Chipmos Technologies during the fourth quarter worth $1,419,000. - Ameri (NASDAQ:IMOS)'s short sellers to cover IMOS's short positions. (NASDAQ IMOS) traded up 3.15% on Friday, reaching $17.99. It has underperformed by 16.70% the S&P500.

The stock of Chipmos Technologies INC.

Net revenue for the second quarter was NT$4.54 billion or $149.5 million, an increase of 0.8% from NT$4.50 billion or $148.3 million in 2016. The Firm mainly provides thin small outline packaging, fine-pitch ball grid array (FBGA) packaging, tape carrier packaging (TCP) and chip on film (COF) packaging services, as well as gold bumping services, among others. Chipmos Technologies has a 12 month low of $13.94 and a 12 month high of $21.99. The Company's services and products are used in information products, personal computers, communications equipment, office automation and consumer electronics.

Separately, Zacks Investment Research cut Chipmos Technologies from a "buy" rating to a "hold" rating in a research note on Friday, June 30th. Therefore 50% are positive. On average, equities analysts anticipate that Chipmos Technologies will post $0.68 earnings per share for the current year. Cowen & Co has "Outperform" rating and $22 target. The stock of ChipMOS Technologies Inc - ADR (NASDAQ:IMOS) earned "Outperform" rating by Cowen & Co on Thursday, October 8. The stock of ChipMOS Technologies Inc - ADR (NASDAQ:IMOS) has "Outperform" rating given on Tuesday, September 29 by Cowen & Co. Morgan Stanley downgraded ChipMOS Technologies Inc - ADR (NASDAQ:IMOS) on Tuesday, November 17 to "Equal-Weight" rating.

Among 2 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 1 Hold. (NYSE:XCO), 1 have Buy rating, 0 Sell and 1 Hold. Oracle had 73 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has "Buy" rating by BB&T Capital given on Monday, September 28. The rating was maintained by RBC Capital Markets on Wednesday, October 21 with "Sector Perform".

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