Swisscom AG (OTCMKTS:SCMWY) Sees Significant Increase in Short Interest

Swisscom AG (OTCMKTS:SCMWY) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,200 shares, a growth of 246.7% from the August 31st total of 1,500 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

A number of equities analysts recently commented on SCMWY shares. New Street Research upgraded Swisscom to a “hold” rating in a report on Monday, September 9th. Barclays raised Swisscom to a “strong sell” rating in a report on Thursday, August 15th.

Swisscom Price Performance

Shares of SCMWY stock traded up $0.02 during midday trading on Friday, hitting $65.56. 4,972 shares of the company were exchanged, compared to its average volume of 5,511. Swisscom has a 52 week low of $53.01 and a 52 week high of $65.70. The firm’s 50 day moving average price is $62.77 and its two-hundred day moving average price is $58.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.94.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter. The business had revenue of $3.04 billion during the quarter. Swisscom had a net margin of 15.03% and a return on equity of 14.17%. As a group, equities analysts forecast that Swisscom will post 3.59 earnings per share for the current fiscal 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.