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 in 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. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 935,200 shares, the days-to-cover ratio is currently 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 report on Monday, November 11th.

Fossil Group Trading Down 5.6 %

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

Insider Activity at Fossil Group

In other news, CEO Franco Fogliato acquired 111,175 shares of Fossil Group stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the transaction, the chief executive officer now owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nantahala Capital Management LLC grew its position in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after acquiring an additional 598,940 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake 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 worth $29,000 after buying an additional 9,624 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fossil Group during the second quarter valued at about $131,000. AQR Capital Management LLC bought a new stake in shares of Fossil Group in the 2nd quarter worth approximately $28,000. Finally, XTX Topco Ltd bought a new stake in Fossil Group in the third quarter valued at $48,000. 61.14% of the stock is owned by institutional investors.

Fossil Group Company Profile

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.