Short Interest in Swisscom AG (OTCMKTS:SCMWY) Declines By 53.3%

Swisscom AG (OTCMKTS:SCMWY) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 700 shares, a decline of 53.3% from the October 31st total of 1,500 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

SCMWY has been the topic of a number of recent analyst reports. New Street Research upgraded shares of Swisscom to a “hold” rating in a report on Monday, September 9th. Barclays raised shares of Swisscom to a “strong sell” rating in a report on Thursday, August 15th.

Swisscom Stock Up 1.9 %

Swisscom stock traded up $1.07 during midday trading on Thursday, reaching $57.92. The company’s stock had a trading volume of 10,383 shares, compared to its average volume of 14,629. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $62.37 and its 200-day simple moving average is $60.32. Swisscom has a 52-week low of $53.01 and a 52-week high of $66.00.

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.