Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 16,568 shares, a drop of 62.4% from the February 12th total of 44,075 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 15,185 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 15,185 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, New Street Research cut shares of Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swisscom Stock Performance

Shares of OTCMKTS:SCMWY opened at $92.38 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.76 and a quick ratio of 0.76. The business’s fifty day moving average price is $83.74 and its two-hundred day moving average price is $76.55. Swisscom has a fifty-two week low of $57.55 and a fifty-two week high of $94.63. The stock has a market capitalization of $478.54 billion, a price-to-earnings ratio of 31.21 and a beta of 0.26.

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.