Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 73.6%

Key Points

• Swisscom AG experienced a significant decline in short interest, dropping 73.6% in August to 3,300 shares, reflecting only 0.0% of its total shares sold short.
• For the second quarter, Swisscom reported earnings per share of $0.61, falling short of the $0.88 consensus estimate, and had revenue of $4.57 billion versus an expected $4.61 billion.
• The stock has been rated as a "Hold" by multiple analysts, with a consensus rating from analysts of 3.47 earnings per share anticipated for the current year.

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 3,300 shares, a decline of 73.6% from the August 15th total of 12,500 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's stock are short sold.

Swisscom Stock Down 0.3%

Shares of Swisscom stock traded down $0.24 during trading hours on Wednesday, reaching $74.13. The company's stock had a trading volume of 2,751 shares, compared to its average volume of 13,690. The company has a market capitalization of $383.98 billion, a P/E ratio of 24.96 and a beta of 0.29. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.85 and a current ratio of 0.74. Swisscom has a one year low of $54.66 and a one year high of $74.81. The stock's fifty day simple moving average is $72.09 and its two-hundred day simple moving average is $67.52.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.27). The business had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.61 billion. Swisscom had a return on equity of 10.05% and a net margin of 9.29%. On average, research analysts forecast that Swisscom will post 3.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Swisscom to a "hold" rating in a research note on Tuesday, August 12th. Berenberg Bank raised shares of Swisscom to a "hold" rating in a report on Thursday, June 26th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Swisscom currently has a consensus rating of "Hold".

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.