Short Interest in Swisscom AG (OTCMKTS:SCMWY) Increases By 2,071.4%

Swisscom AG (OTCMKTS:SCMWY) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 15,200 shares, a growth of 2,071.4% from the November 15th total of 700 shares. Based on an average trading volume of 35,200 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays raised shares of Swisscom to a “strong sell” rating in a research report on Thursday, August 15th. New Street Research raised shares of Swisscom to a “hold” rating in a report on Monday, September 9th.

Swisscom Trading Down 0.5 %

OTCMKTS SCMWY traded down $0.27 during trading on Wednesday, reaching $57.10. 19,594 shares of the company traded hands, compared to its average volume of 15,023. Swisscom has a 1-year low of $53.01 and a 1-year high of $66.00. The stock’s 50 day moving average price is $61.17 and its two-hundred day moving average price is $60.53. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.41.

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.