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

Swisscom AG (OTCMKTS:SCMWY) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 20,535 shares, a growth of 80.1% from the January 15th total of 11,404 shares. Based on an average daily volume of 12,711 shares, the short-interest ratio is currently 1.6 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 12,711 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Swisscom presently has a consensus rating of “Hold”.

Swisscom Trading Up 2.1%

SCMWY stock opened at $91.19 on Friday. The firm has a 50-day moving average price of $76.08 and a 200-day moving average price of $74.01. Swisscom has a 12 month low of $54.66 and a 12 month high of $91.50. The stock has a market capitalization of $472.38 billion, a P/E ratio of 30.81 and a beta of 0.27.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.