The Swatch Group AG (OTCMKTS:SWGAY) Sees Significant Increase in Short Interest

The Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 28,500 shares, a growth 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 presently 0.1 days.

The Swatch Group Stock Performance

OTCMKTS SWGAY opened at $9.03 on Friday. The stock’s 50-day moving average is $9.41 and its two-hundred day moving average is $9.89. The Swatch Group has a fifty-two week low of $8.65 and a fifty-two week high of $13.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Berenberg Bank upgraded The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th. UBS Group upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group lowered shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th.

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.