Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,404 shares, a growth of 217.8% from the December 31st total of 3,588 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,797 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 13,797 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the company’s shares are sold short.

Swisscom Stock Performance

Shares of SCMWY opened at $81.99 on Thursday. Swisscom has a 1 year low of $54.66 and a 1 year high of $82.92. The stock has a market capitalization of $424.72 billion, a PE ratio of 28.77 and a beta of 0.26. The stock has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $72.79.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, November 6th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.62 billion. Analysts predict that Swisscom will post 3.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. BNP Paribas Exane upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.