The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 175,100 shares, a growth of 514.4% from the December 31st total of 28,500 shares. Based on an average trading volume of 466,600 shares, the short-interest ratio is presently 0.4 days.
Analysts Set New Price Targets
SWGAY has been the subject of a number of analyst reports. Royal Bank of Canada downgraded shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th.
Check Out Our Latest Stock Report on The Swatch Group
The Swatch Group Trading Down 0.6 %
About The Swatch Group
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.
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