Short Interest in Swisscom AG (OTCMKTS:SCMWY) Increases By 85.8%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,270 shares, an increase of 85.8% from the June 30th total of 1,222 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 36,371 shares, the days-to-cover ratio is presently 0.1 days.

Swisscom Price Performance

Shares of OTCMKTS SCMWY traded down $0.71 during midday trading on Thursday, reaching $77.81. The stock had a trading volume of 2,794 shares, compared to its average volume of 10,621. The company has a market capitalization of $403.08 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.91 and a beta of 0.28. Swisscom has a 12-month low of $68.01 and a 12-month high of $94.63. The stock has a 50-day moving average of $79.85 and a 200-day moving average of $83.59. 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 (OTCMKTS:SCMWY) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Swisscom had a net margin of 8.30% and a return on equity of 10.63%. As a group, research analysts anticipate that Swisscom will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SCMWY shares. Citigroup restated a “neutral” rating on shares of Swisscom in a research report on Monday, July 6th. Morgan Stanley lowered shares of Swisscom to an “underweight” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swisscom in a report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered Swisscom from an “outperform” rating to a “hold” rating in a report on Tuesday, April 14th. Five analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Swisscom currently has a consensus rating of “Reduce”.

About Swisscom

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.