Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 21.4%

Swisscom AG (OTCMKTS:SCMWY) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,100 shares, a drop of 21.4% from the May 31st total of 1,400 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 0.0 days.

Swisscom Trading Up 1.4 %

Shares of SCMWY traded up $0.79 during mid-day trading on Monday, hitting $56.45. 9,200 shares of the company’s stock traded hands, compared to its average volume of 19,189. The business’s 50-day moving average price is $55.37 and its 200-day moving average price is $57.59. Swisscom has a 1 year low of $53.01 and a 1 year high of $65.31. The firm has a market capitalization of $292.42 billion, a P/E ratio of 15.05 and a beta of 0.28. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.

Swisscom (OTCMKTS:SCMWY) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $1.00 earnings per share (EPS) for the quarter. Swisscom had a net margin of 15.31% and a return on equity of 14.70%. The business had revenue of $3.09 billion for the quarter. As a group, sell-side analysts forecast that Swisscom will post 3.54 EPS for the current fiscal 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.