Swisscom AG (OTCMKTS:SCMWY) Sees Large Increase in Short Interest

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 37,700 shares, an increase of 6,183.3% from the March 31st total of 600 shares. Based on an average daily trading volume, of 43,600 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, BNP Paribas cut shares of Swisscom from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 10th.

Swisscom Price Performance

OTCMKTS:SCMWY traded up $0.09 during trading hours on Friday, hitting $65.20. The company's stock had a trading volume of 4,218 shares, compared to its average volume of 18,616. Swisscom has a 52-week low of $53.01 and a 52-week high of $66.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.11 and a current ratio of 2.11. The business's 50-day moving average is $60.24 and its two-hundred day moving average is $59.11. The company has a market capitalization of $337.75 billion, a PE ratio of 19.29 and a beta of 0.28.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last announced its quarterly 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 net margin of 14.19% and a return on equity of 12.00%. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. As a group, research analysts anticipate that Swisscom will post 3.47 EPS for the current fiscal 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.

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