Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 11,404 shares, an increase of 217.8% from the December 31st total of 3,588 shares. Based on an average daily trading volume, of 13,797 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,797 shares, the short-interest ratio is presently 0.8 days.

Swisscom Stock Performance

Shares of SCMWY stock opened at $82.30 on Wednesday. Swisscom has a 52 week low of $54.66 and a 52 week high of $82.38. The company’s 50 day moving average price is $72.55 and its two-hundred day moving average price is $72.72. The company has a market capitalization of $426.33 billion, a P/E ratio of 28.88 and a beta of 0.26.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BNP Paribas Exane raised shares of Swisscom from a “hold” rating to an “outperform” rating in a research note on Thursday, October 2nd. Zacks Research upgraded shares of 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.