Short Interest in Swisscom AG (OTCMKTS:SCMWY) Increases By 181.8%

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 9,300 shares, an increase of 181.8% from the August 31st total of 3,300 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Berenberg Bank raised Swisscom to a “hold” rating in a research report on Thursday, June 26th. BNP Paribas upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday. Zacks Research raised Swisscom to a “hold” rating in a report on Tuesday, August 12th. Finally, Kepler Capital Markets upgraded Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Swisscom has an average rating of “Hold”.

Swisscom Trading Up 0.4%

OTCMKTS SCMWY opened at $73.72 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.85 and a current ratio of 0.74. Swisscom has a one year low of $54.66 and a one year high of $74.81. The company has a 50-day simple moving average of $72.66 and a 200-day simple moving average of $68.73. The firm has a market capitalization of $381.88 billion, a PE ratio of 24.82 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.27). Swisscom had a return on equity of 10.05% and a net margin of 9.29%.The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.61 billion. On average, equities analysts forecast that Swisscom will post 3.47 earnings per share for the current year.

Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. It operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. The company offers mobile and fixed-network services, such as telephony, TV, broadband, and mobile offerings, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises.