Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 18.5%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 907 shares, a decrease of 18.5% from the November 30th total of 1,113 shares. Based on an average trading volume of 40,489 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 40,489 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

SCMWY has been the subject of several research reports. BNP Paribas raised Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Kepler Capital Markets raised Swisscom to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Swisscom Price Performance

Shares of OTCMKTS SCMWY opened at $72.66 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.85 and a current ratio of 0.72. Swisscom has a fifty-two week low of $54.66 and a fifty-two week high of $75.54. The stock has a market cap of $376.39 billion, a PE ratio of 25.49 and a beta of 0.26. The stock has a fifty day moving average of $72.05 and a 200-day moving average of $72.07.

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

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.