Short Interest in Swisscom AG (OTCMKTS:SCMWY) Decreases By 88.9%

Swisscom AG (OTCMKTS:SCMWY) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 600 shares, a decline of 88.9% from the March 15th total of 5,400 shares. Based on an average daily trading volume, of 26,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas downgraded shares of Swisscom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 10th.

Swisscom Stock Performance

OTCMKTS SCMWY traded up $0.20 during trading hours on Tuesday, hitting $64.16. 16,284 shares of the stock were exchanged, compared to its average volume of 19,791. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85. The company has a market cap of $332.33 billion, a price-to-earnings ratio of 18.98 and a beta of 0.28. Swisscom has a 12-month low of $53.01 and a 12-month high of $66.00. The stock has a 50-day moving average of $58.74 and a 200 day moving average of $59.00.

Swisscom (OTCMKTS:SCMWY) last issued its earnings results on Thursday, February 13th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.34). Swisscom had a return on equity of 12.00% and a net margin of 14.19%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.23 billion. As a group, equities research analysts forecast that Swisscom will post 3.47 earnings per share for the current year.

About Swisscom

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.