Swisscom AG (OTCMKTS:SCMWY) Sees Large Drop in Short Interest

Swisscom AG (OTCMKTS:SCMWY) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 6,400 shares, a drop of 44.3% from the January 15th total of 11,500 shares. Based on an average daily volume of 44,900 shares, the days-to-cover ratio is presently 0.1 days.

Swisscom Stock Up 0.3 %

SCMWY stock traded up $0.19 during mid-day trading on Thursday, reaching $58.02. 11,561 shares of the company traded hands, compared to its average volume of 22,011. The stock has a market cap of $300.55 billion, a price-to-earnings ratio of 15.77 and a beta of 0.28. The firm’s 50 day moving average price is $56.63 and its 200 day moving average price is $60.36. Swisscom has a fifty-two week low of $53.01 and a fifty-two week high of $66.00. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.85.

Swisscom (OTCMKTS:SCMWY) last posted its 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 13.29% and a net margin of 14.19%. As a group, equities research analysts predict 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.