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

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 74,000 shares, an increase of 128.4% from the January 15th total of 32,400 shares. Based on an average daily trading volume, of 361,600 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

SWGAY has been the subject of a number of recent analyst reports. Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th. Royal Bank of Canada downgraded The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th.

The Swatch Group Price Performance

Shares of OTCMKTS:SWGAY traded up $0.09 during trading on Thursday, hitting $9.39. 56,028 shares of the stock were exchanged, compared to its average volume of 172,058. The Swatch Group has a 1-year low of $8.42 and a 1-year high of $12.33. The company’s fifty day simple moving average is $9.02 and its 200-day simple moving average is $9.60.

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.