Short Interest in Swisscom AG (OTCMKTS:SCMWY) Rises By 153.4%

Swisscom AG (OTCMKTS:SCMWY) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 28,898 shares, a growth of 153.4% from the April 30th total of 11,405 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 18,846 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

SCMWY has been the topic of several research analyst reports. BNP Paribas Exane lowered shares of Swisscom from an “outperform” rating to a “hold” rating in a research report on Tuesday, April 14th. New Street Research lowered shares of Swisscom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. UBS Group lowered shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Swisscom in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Swisscom has an average rating of “Reduce”.

Swisscom Price Performance

Shares of Swisscom stock traded down $0.62 during trading on Monday, hitting $85.28. 10,889 shares of the company’s stock traded hands, compared to its average volume of 8,324. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s fifty day moving average price is $85.60 and its 200 day moving average price is $81.49. Swisscom has a twelve month low of $68.01 and a twelve month high of $94.63. The company has a market cap of $441.76 billion, a PE ratio of 28.52, a PEG ratio of 2.06 and a beta of 0.26.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. Analysts forecast that Swisscom will post 3.25 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.