Swisscom AG (OTCMKTS:SCMWY) Sees Large Growth in Short Interest

Swisscom AG (OTCMKTS:SCMWY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 56,100 shares, an increase of 901.8% from the December 31st total of 5,600 shares. Based on an average daily volume of 84,800 shares, the short-interest ratio is currently 0.7 days.

Swisscom Price Performance

OTCMKTS SCMWY traded up $0.32 during mid-day trading on Wednesday, reaching $57.64. The stock had a trading volume of 9,076 shares, compared to its average volume of 28,782. The stock has a market cap of $298.58 billion, a PE ratio of 15.66 and a beta of 0.27. The company has a fifty day moving average price of $56.66 and a 200 day moving average price of $60.57. Swisscom has a 1 year low of $53.01 and a 1 year high of $66.00.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.00 earnings per share for the quarter. Swisscom had a net margin of 14.19% and a return on equity of 13.21%. The business had revenue of $3.14 billion for the quarter. As a group, equities research analysts expect that Swisscom will post 3.66 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.