Swisscom AG (OTCMKTS:SCMWY) Short Interest Up 301.9% in May

Swisscom AG (OTCMKTS:SCMWY) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 21,700 shares, an increase of 301.9% from the May 15th total of 5,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is currently 1.7 days.

Swisscom Stock Performance

Swisscom stock opened at $69.62 on Friday. The stock has a 50-day simple moving average of $66.24 and a 200 day simple moving average of $60.44. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85. Swisscom has a 12-month low of $54.66 and a 12-month high of $70.39. The stock has a market capitalization of $360.65 billion, a price-to-earnings ratio of 20.60 and a beta of 0.30.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.13). The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.19 billion. Swisscom had a net margin of 14.19% and a return on equity of 12.00%. On average, research analysts anticipate that Swisscom will post 3.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, BNP Paribas cut Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 10th.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.