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

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

Swisscom Stock Performance

Shares of OTCMKTS SCMWY traded up $0.27 during trading hours on Wednesday, hitting $60.21. 13,303 shares of the company’s stock were exchanged, compared to its average volume of 19,460. The company’s 50-day moving average price is $57.55 and its 200-day moving average price is $59.51. Swisscom has a 1-year low of $53.01 and a 1-year high of $66.00. The stock has a market capitalization of $311.90 billion, a price-to-earnings ratio of 17.81 and a beta of 0.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.11 and a quick ratio of 2.11.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.34). The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. Swisscom had a return on equity of 12.00% and a net margin of 14.19%. On average, sell-side analysts expect that Swisscom will post 3.47 earnings per share 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.