Swisscom AG (OTCMKTS:SCMWY) Short Interest Up 81.3% in August

Swisscom AG (OTCMKTS:SCMWY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 11,106 shares, a growth of 81.3% from the August 15th total of 6,127 shares. Based on an average daily trading volume, of 16,607 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Swisscom Price Performance

OTCMKTS SCMWY opened at $82.33 on Wednesday. The stock has a market capitalization of $426.48 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.24 and a beta of 0.28. Swisscom has a 1 year low of $68.01 and a 1 year high of $94.63. The business’s fifty day moving average is $78.12 and its two-hundred day moving average is $82.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.77 and a current ratio of 0.62.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.44 billion. Swisscom had a return on equity of 11.31% and a net margin of 8.86%. On average, research analysts forecast that Swisscom will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SCMWY shares. Barclays reiterated an “underweight” rating on shares of Swisscom in a report on Tuesday, August 18th. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Finally, Morgan Stanley lowered Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Swisscom currently has an average rating of “Reduce”.

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country’s largest communications networks.