The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

The Swatch Group AG (OTCMKTS:SWGAY) 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.

The Swatch Group Stock Performance

OTCMKTS SWGAY traded up $0.07 during trading on Friday, hitting $10.52. The company’s stock had a trading volume of 85,197 shares, compared to its average volume of 190,124. The Swatch Group has a 52 week low of $8.73 and a 52 week high of $13.73. The firm has a 50 day moving average price of $10.04 and a 200 day moving average price of $10.32.

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.