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

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

Swisscom Stock Down 1.2 %

SCMWY traded down $0.66 on Friday, reaching $56.17. The company’s stock had a trading volume of 37,978 shares, compared to its average volume of 16,141. The company has a market capitalization of $290.97 billion, a price-to-earnings ratio of 15.26 and a beta of 0.27. Swisscom has a fifty-two week low of $53.01 and a fifty-two week high of $66.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $59.15 and a two-hundred day moving average of $60.59.

Wall Street Analyst Weigh In

Separately, New Street Research upgraded Swisscom to a “hold” rating in a research note 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.