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

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

Swisscom Stock Performance

SCMWY traded down $0.81 during trading on Friday, reaching $68.81. The company's stock had a trading volume of 5,019 shares, compared to its average volume of 15,437. Swisscom has a 52-week low of $54.66 and a 52-week high of $70.39. The company's fifty day moving average price is $66.44 and its 200-day moving average price is $60.56. The company has a market capitalization of $356.45 billion, a price-to-earnings ratio of 20.36 and a beta of 0.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.11 and a current ratio of 2.11.

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

Analyst Ratings Changes

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

About Swisscom

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.