Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Grows By 27.2%

The Swatch Group AG (OTCMKTS:SWGAY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 28,500 shares, an increase of 27.2% from the November 30th total of 22,400 shares. Based on an average daily volume of 438,700 shares, the days-to-cover ratio is currently 0.1 days.

The Swatch Group Trading Down 1.1 %

Shares of OTCMKTS:SWGAY traded down $0.01 during trading on Monday, reaching $9.13. 247,331 shares of the company traded hands, compared to its average volume of 194,583. The Swatch Group has a 1-year low of $8.65 and a 1-year high of $13.65. The firm has a fifty day simple moving average of $9.41 and a 200 day simple moving average of $9.89.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. 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 The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Finally, Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research report on Wednesday, October 30th.

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.