Swisscom AG (OTCMKTS:SCMWY) Short Interest Update

Key Points

• Short interest in Swisscom rose by 51.6% to 27,819 shares as of March 31, with a days-to-cover ratio of 1.5 based on average volume (reported short percent: 0.0%).
• SCMWY opened at $84.22, trades in a 52-week range of $62.91–$94.63, and shows a market cap of $436.27 billion with a P/E of 28.45.
• Analyst sentiment has deteriorated—UBS cut to "hold" and New Street to "strong sell"—leaving an average rating of "Reduce".

Swisscom AG (OTCMKTS:SCMWY - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 27,819 shares, a growth of 51.6% from the March 15th total of 18,353 shares. Based on an average trading volume of 18,457 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.0% of the company's shares are short sold.

Swisscom Stock Performance

Shares of SCMWY stock opened at $84.22 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The company has a market cap of $436.27 billion, a PE ratio of 28.45, a P/E/G ratio of 2.06 and a beta of 0.29. The company's fifty day simple moving average is $88.79 and its 200-day simple moving average is $78.83. Swisscom has a 52 week low of $62.91 and a 52 week high of $94.63.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SCMWY shares. UBS Group lowered Swisscom from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. New Street Research lowered Swisscom from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Swisscom presently has an average rating of "Reduce".

Swisscom Company Profile

Swisscom AG is Switzerland's leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom's origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.

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