Swisscom AG (OTCMKTS:SCMWY) Short Interest Up 80.1% in January

Swisscom AG (OTCMKTS:SCMWY) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 20,535 shares, a growth of 80.1% from the January 15th total of 11,404 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,711 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 12,711 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Swisscom has a consensus rating of “Hold”.

Swisscom Price Performance

SCMWY opened at $91.19 on Friday. Swisscom has a 1-year low of $54.66 and a 1-year high of $91.50. The stock has a market cap of $472.38 billion, a P/E ratio of 30.81 and a beta of 0.27. The stock’s 50 day simple moving average is $76.08 and its 200 day simple moving average is $73.98.

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.