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

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 3,600 shares, a decrease of 30.8% from the September 15th total of 5,200 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is currently 0.3 days.

Swisscom Price Performance

Swisscom stock traded down $0.58 during trading hours on Friday, hitting $65.01. The stock had a trading volume of 12,087 shares, compared to its average volume of 14,613. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $336.76 billion, a price-to-earnings ratio of 17.34 and a beta of 0.28. Swisscom has a 1-year low of $53.01 and a 1-year high of $66.00. The stock’s fifty day moving average is $63.71 and its two-hundred day moving average is $59.30.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter. The company had revenue of $3.04 billion for the quarter. Swisscom had a return on equity of 14.17% and a net margin of 15.03%. As a group, analysts predict that Swisscom will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SCMWY shares. Barclays raised Swisscom to a “strong sell” rating in a report on Thursday, August 15th. New Street Research raised Swisscom to a “hold” rating in a report on Monday, September 9th.

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.