Swisscom AG (OTCMKTS:SCMWY) Sees Significant Drop in Short Interest

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 5,600 shares, a decrease of 63.2% from the November 30th total of 15,200 shares. Based on an average daily trading volume, of 52,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, New Street Research upgraded Swisscom to a "hold" rating in a research note on Monday, September 9th.

Swisscom Stock Down 1.2 %

OTCMKTS:SCMWY traded down $0.66 during midday trading on Thursday, hitting $56.17. 37,978 shares of the company were exchanged, compared to its average volume of 16,141. Swisscom has a fifty-two week low of $53.01 and a fifty-two week high of $66.00. The company has a market capitalization of $290.97 billion, a PE ratio of 15.26 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $60.59.

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.