Short Interest in Swisscom AG (OTCMKTS:SCMWY) Increases By 86.6%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,235 shares, an increase of 86.6% from the July 15th total of 2,270 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 28,503 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

SCMWY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Swisscom in a research note on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of Swisscom in a report on Monday, July 6th. Finally, Morgan Stanley cut Swisscom to an “underweight” rating in a research report on Thursday, June 11th. Five investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Swisscom Stock Performance

OTCMKTS:SCMWY opened at $78.09 on Tuesday. The firm’s 50-day moving average is $78.03 and its 200-day moving average is $83.80. The company has a market cap of $404.54 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.19 and a beta of 0.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.77 and a current ratio of 0.77. Swisscom has a 52-week low of $68.01 and a 52-week high of $94.63.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.30%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Equities research analysts anticipate that Swisscom will post 3.18 earnings per share for the current year.

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.