Short Interest in Swisscom AG (OTCMKTS:SCMWY) Grows By 2,071.4%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 15,200 shares, an increase of 2,071.4% from the November 15th total of 700 shares. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. New Street Research upgraded Swisscom to a “hold” rating in a report on Monday, September 9th. Barclays upgraded shares of Swisscom to a “strong sell” rating in a report on Thursday, August 15th.

Swisscom Price Performance

Swisscom stock traded up $0.01 during mid-day trading on Friday, hitting $57.10. The company’s stock had a trading volume of 20,532 shares, compared to its average volume of 21,470. Swisscom has a one year low of $53.01 and a one year high of $66.00. The company has a 50 day moving average of $60.86 and a 200-day moving average of $60.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.94.

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.