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

Key Points

• Short interest surged 86.6% to 4,235 shares as of July 31, up from 2,270 shares two weeks earlier. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a 0.1-day short-interest ratio.
• Swisscom reported quarterly EPS of $0.82, exceeding the $0.74 consensus estimate, while revenue of $4.57 billion also topped expectations of $4.44 billion.
• 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) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 4,235 shares, a growth of 86.6% from the July 15th total of 2,270 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,503 shares, the short-interest ratio is presently 0.1 days.

Swisscom Stock Performance

OTCMKTS SCMWY opened at $78.77 on Friday. The firm has a market capitalization of $408.01 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.19 and a beta of 0.28. Swisscom has a 1-year low of $68.01 and a 1-year high of $94.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.77 and a quick ratio of 0.77. The business's 50-day simple moving average is $78.09 and its 200-day simple moving average is $83.79.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Swisscom had a net margin of 8.86% and a return on equity of 11.30%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. Equities analysts predict that Swisscom will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SCMWY. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Swisscom in a research note on Thursday, April 23rd. Citigroup reissued a "neutral" rating on shares of Swisscom in a research note on Monday, July 6th. Finally, Morgan Stanley downgraded Swisscom to an "underweight" rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Swisscom presently has a consensus 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.

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