The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 162,600 shares, an increase of 629.1% from the September 30th total of 22,300 shares. Based on an average daily trading volume, of 334,100 shares, the days-to-cover ratio is presently 0.5 days.
Wall Street Analyst Weigh In
SWGAY has been the subject of a number of recent analyst reports. Jefferies Financial Group cut The Swatch Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. UBS Group raised shares of The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd.
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The Swatch Group Stock Performance
The Swatch Group Company Profile
The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.
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