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

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 16,568 shares, a decrease of 62.4% from the February 12th total of 44,075 shares. Based on an average trading volume of 15,185 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 15,185 shares, the days-to-cover ratio is presently 1.1 days.

Swisscom Trading Down 1.3%

Shares of Swisscom stock opened at $91.97 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $83.35 and its 200-day simple moving average is $76.43. The stock has a market cap of $476.39 billion, a P/E ratio of 31.07 and a beta of 0.26. Swisscom has a 1-year low of $57.55 and a 1-year high of $94.63.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SCMWY. New Street Research lowered Swisscom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Zacks Research raised Swisscom from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Swisscom Company Profile

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.