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

The Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 74,000 shares, a growth of 128.4% from the January 15th total of 32,400 shares. Based on an average trading volume of 361,600 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th. Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th.

The Swatch Group Price Performance

SWGAY traded up $0.09 on Thursday, hitting $9.39. 56,028 shares of the company’s stock were exchanged, compared to its average volume of 172,058. The Swatch Group has a twelve month low of $8.42 and a twelve month high of $12.33. The stock has a fifty day moving average of $9.02 and a two-hundred day moving average of $9.60.

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.