Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Up 21.8% in December

Fossil Group, Inc. (NASDAQ:FOSL) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,620,000 shares, a growth of 21.8% from the November 30th total of 1,330,000 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average daily trading volume, of 935,200 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Fossil Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Fossil Group Stock Performance

Shares of NASDAQ FOSL traded down $0.10 during mid-day trading on Tuesday, hitting $1.67. The company had a trading volume of 608,455 shares, compared to its average volume of 677,056. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. Fossil Group has a 1 year low of $0.75 and a 1 year high of $2.61. The company has a market capitalization of $88.83 million, a price-to-earnings ratio of -0.72 and a beta of 2.25. The stock’s 50-day moving average price is $1.54 and its 200-day moving average price is $1.33.

Insider Buying and Selling

In other news, CEO Franco Fogliato purchased 111,175 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of $1.37 per share, with a total value of $152,309.75. Following the transaction, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at approximately $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its position in shares of Fossil Group by 91.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fossil Group during the 2nd quarter valued at $131,000. AQR Capital Management LLC bought a new position in shares of Fossil Group in the second quarter worth $28,000. Nantahala Capital Management LLC raised its position in shares of Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after buying an additional 598,940 shares in the last quarter. Finally, RBF Capital LLC boosted its stake in Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after buying an additional 32,580 shares during the period. Hedge funds and other institutional investors own 61.14% of the company’s stock.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.