Swisscom AG (OTCMKTS:SCMWY) Short Interest Up 295.6% in December

Swisscom AG (OTCMKTS:SCMWY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 3,588 shares, an increase of 295.6% from the December 15th total of 907 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 21,082 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 21,082 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Swisscom Trading Up 0.4%

Shares of OTCMKTS:SCMWY opened at $73.67 on Tuesday. The firm has a market cap of $381.62 billion, a price-to-earnings ratio of 25.85 and a beta of 0.26. Swisscom has a 1 year low of $54.66 and a 1 year high of $75.54. The business has a fifty day simple moving average of $72.05 and a 200 day simple moving average of $72.34.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on SCMWY shares. Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a research note on Tuesday, September 23rd. BNP Paribas raised Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Finally, Zacks Research upgraded Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Swisscom currently has a consensus 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.