Swisscom AG (OTCMKTS:SCMWY) Sees Significant Growth in Short Interest

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,106 shares, a growth of 81.3% from the August 15th total of 6,127 shares. Based on an average trading volume of 16,607 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Swisscom Stock Performance

Shares of SCMWY stock opened at $82.33 on Wednesday. Swisscom has a fifty-two week low of $68.01 and a fifty-two week high of $94.63. The stock’s 50-day moving average is $78.12 and its two-hundred day moving average is $82.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.62 and a quick ratio of 0.77. The firm has a market cap of $426.48 billion, a P/E ratio of 25.73, a PEG ratio of 2.24 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Swisscom had a return on equity of 11.31% and a net margin of 8.86%.The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Analysts predict that Swisscom will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a research note on Monday, July 6th. Barclays restated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Finally, Morgan Stanley cut Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About Swisscom

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.