Short Interest in Swisscom AG (OTCMKTS:SCMWY) Grows By 1,250.0%

Swisscom AG (OTCMKTS:SCMWY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,400 shares, an increase of 1,250.0% from the February 28th total of 400 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Swisscom Stock Up 0.5 %

Shares of OTCMKTS SCMWY traded up $0.27 during trading hours on Wednesday, hitting $60.21. The stock had a trading volume of 13,303 shares, compared to its average volume of 19,460. The firm’s 50-day moving average price is $57.55 and its two-hundred day moving average price is $59.51. Swisscom has a 52 week low of $53.01 and a 52 week high of $66.00. The company has a market capitalization of $311.90 billion, a P/E ratio of 17.81 and a beta of 0.27. 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) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.34). Swisscom had a return on equity of 12.00% and a net margin of 14.19%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. Analysts anticipate that Swisscom will post 3.47 EPS for the current fiscal year.

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.