Short Interest in Swisscom AG (OTCMKTS:SCMWY) Expands By 222.2%

Key Points

• Swisscom AG experienced a substantial increase in short interest, rising by 222.2% to a total of 17,400 shares as of July 15th, compared to 5,400 shares at the end of June.
• The company's stock price is currently around $69.73, with a market capitalization of $361.21 billion and a recent quarterly earnings report showing a missed EPS estimate of $0.79 versus the consensus of $0.92.
• Recent analyst ratings for Swisscom include a downgrade from BNP Paribas from a strong-buy to a hold rating, while Berenberg Bank upgraded it to hold.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,400 shares, agrowthof222.2% from the June 30th total of 5,400 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is presently 0.7 days.

Swisscom Stock Down 0.3%

SCMWY traded down $0.24 on Friday, hitting $71.56. 4,011 shares of the company were exchanged, compared to its average volume of 14,774. The firm has a 50-day moving average price of $70.17 and a two-hundred day moving average price of $64.26. The company has a market cap of $370.69 billion, a price-to-earnings ratio of 22.57 and a beta of 0.30. Swisscom has a twelve month low of $54.66 and a twelve month high of $73.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.99.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.13). Swisscom had a return on equity of 11.08% and a net margin of 11.06%. The firm had revenue of $4.58 billion for the quarter, compared to analysts' expectations of $4.19 billion. On average, equities analysts predict that Swisscom will post 3.47 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Berenberg Bank upgraded Swisscom to a "hold" rating in a research note on Thursday, June 26th. BNP Paribas downgraded shares of Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th.

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.