Swisscom AG (OTCMKTS:SCMWY) Short Interest Down 62.4% in February

Swisscom AG (OTCMKTS:SCMWY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 16,568 shares, a decline of 62.4% from the February 12th total of 44,075 shares. Based on an average daily volume of 15,185 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 15,185 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Several analysts have recently commented on the company. New Street Research cut Swisscom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. UBS Group lowered Swisscom from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Swisscom Stock Performance

SCMWY stock remained flat at $90.48 during trading on Friday. 17,690 shares of the company were exchanged, compared to its average volume of 7,289. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average is $84.09 and its 200 day moving average is $76.64. Swisscom has a 52-week low of $57.55 and a 52-week high of $94.63. The stock has a market cap of $468.70 billion, a P/E ratio of 30.57 and a beta of 0.26.

About Swisscom

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.