Swisscom AG (OTCMKTS:SCMWY) Sees Significant Growth in Short Interest

Swisscom AG (OTCMKTS:SCMWY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 28,500 shares, a growth of 691.7% from the September 30th total of 3,600 shares. Based on an average trading volume of 27,600 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Several research firms have issued reports on SCMWY. Barclays upgraded shares of Swisscom to a “strong sell” rating in a research note on Thursday, August 15th. New Street Research upgraded shares of Swisscom to a “hold” rating in a research note on Monday, September 9th.

Swisscom Stock Performance

Shares of OTCMKTS:SCMWY traded down $0.36 during trading on Friday, hitting $64.48. The company’s stock had a trading volume of 3,390 shares, compared to its average volume of 14,425. The company has a 50-day moving average of $64.48 and a 200-day moving average of $59.66. Swisscom has a 12 month low of $53.01 and a 12 month high of $66.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.94.

Swisscom (OTCMKTS:SCMWY) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. The company had revenue of $3.04 billion during the quarter. Swisscom had a net margin of 15.03% and a return on equity of 14.17%. On average, sell-side analysts anticipate that Swisscom will post 3.59 earnings per share for the current 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.