Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

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) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,300 shares, a decrease of 73.6% from the August 15th total of 12,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Swisscom Price Performance

Shares of SCMWY stock traded up $0.35 during trading hours on Friday, reaching $73.90. The company had a trading volume of 4,238 shares, compared to its average volume of 7,191. The stock has a fifty day moving average of $71.89 and a 200-day moving average of $67.08. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.85 and a current ratio of 0.74. The company has a market capitalization of $382.79 billion, a price-to-earnings ratio of 24.88 and a beta of 0.29. Swisscom has a 12-month low of $54.66 and a 12-month high of $74.60.

Swisscom (OTCMKTS:SCMWY - Get Free Report) last issued its quarterly 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 analyst estimates of $4.61 billion. Swisscom had a net margin of 9.29% and a return on equity of 10.05%. On average, equities analysts anticipate that Swisscom will post 3.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

SCMWY has been the subject of several research reports. Zacks Research upgraded Swisscom to a "hold" rating in a research note on Tuesday, August 12th. Berenberg Bank upgraded Swisscom to a "hold" rating in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, 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.

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