Short Interest in Swisscom AG (OTCMKTS:SCMWY) Expands By 217.8%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large growth in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 13,797 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 13,797 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Swisscom Price Performance

Swisscom stock opened at $82.30 on Wednesday. The company’s 50-day moving average is $72.55 and its 200-day moving average is $72.72. The firm has a market capitalization of $426.33 billion, a PE ratio of 28.88 and a beta of 0.26. Swisscom has a fifty-two week low of $54.66 and a fifty-two week high of $82.38.

Swisscom (OTCMKTS:SCMWY) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Swisscom had a return on equity of 10.34% and a net margin of 8.87%.The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.62 billion. As a group, analysts expect that Swisscom will post 3.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SCMWY. BNP Paribas Exane upgraded shares of Swisscom from a “hold” rating to an “outperform” rating in a report on Thursday, October 2nd. Zacks Research upgraded shares of Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.