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

Swisscom AG (OTCMKTS:SCMWY) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 21,700 shares, a growth of 301.9% from the May 15th total of 5,400 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Swisscom Trading Down 1.2%

SCMWY opened at $68.81 on Friday. The firm has a market cap of $356.45 billion, a price-to-earnings ratio of 20.36 and a beta of 0.30. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.85. Swisscom has a 12 month low of $54.66 and a 12 month high of $70.39. The stock has a fifty day moving average price of $66.44 and a 200-day moving average price of $60.53.

Swisscom (OTCMKTS:SCMWY) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.79 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.13). Swisscom had a return on equity of 12.00% and a net margin of 14.19%. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.19 billion. As a group, equities research analysts anticipate that Swisscom will post 3.47 earnings per share 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.