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

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 19,900 shares, a drop of 87.8% from the October 15th total of 162,600 shares. Based on an average daily volume of 311,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWGAY. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research report on Wednesday, October 30th. Jefferies Financial Group cut shares of The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. Finally, UBS Group upgraded The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd.

The Swatch Group Trading Up 1.3 %

Shares of SWGAY stock traded up $0.12 during trading hours on Thursday, hitting $9.08. 248,203 shares of the company were exchanged, compared to its average volume of 189,563. The firm has a fifty day moving average of $9.90 and a 200 day moving average of $10.24. The Swatch Group has a 1 year low of $8.73 and a 1 year high of $13.73.

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.