Short Interest in Swisscom AG (OTCMKTS:SCMWY) Expands By 301.9%

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

Analyst Ratings Changes

Separately, BNP Paribas cut Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Swisscom Stock Up 1.3%

Shares of SCMWY stock traded up $0.93 during midday trading on Thursday, reaching $69.62. 8,030 shares of the stock were exchanged, compared to its average volume of 15,531. 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 1 year low of $54.66 and a 1 year high of $70.39. The firm has a market cap of $360.65 billion, a PE ratio of 20.60 and a beta of 0.30. The company's 50 day moving average is $66.02 and its two-hundred day moving average is $60.36.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.13). Swisscom had a return on equity of 12.00% and a net margin of 14.19%. The business had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.19 billion. On average, equities research analysts predict that Swisscom will post 3.47 EPS for the current year.

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.