Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Key Points

• Swisscom’s short interest surged 206.3% to 34,018 shares as of September 15, up from 11,106 shares at the end of August. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 1.9 days.
• Shares rose 0.2% to $79.16 during Friday trading. Swisscom reported quarterly EPS of $0.82, exceeding the $0.74 consensus estimate, while revenue of $4.57 billion also topped expectations.
• Analyst sentiment remains cautious: five analysts rate the stock Hold and three rate it Sell, resulting in a consensus rating of “Reduce.”

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 34,018 shares, a growth of 206.3% from the August 31st total of 11,106 shares. Based on an average daily volume of 18,041 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the company's stock are sold short.

Swisscom Stock Up 0.2%

Shares of OTCMKTS SCMWY traded up $0.12 during midday trading on Friday, hitting $79.16. The stock had a trading volume of 10,362 shares, compared to its average volume of 12,821. The company has a market cap of $410.06 billion, a P/E ratio of 24.74, a PEG ratio of 2.19 and a beta of 0.28. The business's 50 day moving average is $78.56 and its 200-day moving average is $81.91. The company has a quick ratio of 0.77, a current ratio of 0.62 and a debt-to-equity ratio of 0.97. Swisscom has a 52 week low of $68.01 and a 52 week high of $94.63.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.31%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.44 billion. As a group, analysts predict that Swisscom will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley cut Swisscom to an "underweight" rating in a research report on Thursday, June 11th. Barclays reaffirmed an "underweight" rating on shares of Swisscom in a research report on Tuesday, August 18th. Finally, Citigroup reissued a "neutral" rating on shares of Swisscom in a report on Monday, July 6th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Swisscom currently has an average rating of "Reduce".

Swisscom Company Profile

Swisscom AG is a Switzerland-based telecommunications and information technology company. It provides mobile and fixed-line communications, broadband internet, digital television, and related connectivity services to consumers and businesses. The company also offers information technology, cloud, cybersecurity, networking, and unified communications solutions for corporate and public-sector customers.

Swisscom serves customers primarily in Switzerland, where it operates one of the country's largest communications networks.

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