Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 395.5% in June

Swatch Group AG (OTCMKTS:SWGAYGet Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 48,011 shares, an increase of 395.5% from the May 31st total of 9,690 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 170,982 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

SWGAY has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Swatch Group to a “hold” rating in a research note on Friday, May 8th. Citigroup reaffirmed a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Finally, Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

View Our Latest Research Report on SWGAY

Swatch Group Price Performance

Shares of OTCMKTS SWGAY traded down $0.23 during midday trading on Friday, reaching $12.42. 60,912 shares of the company traded hands, compared to its average volume of 74,149. The stock has a 50-day moving average price of $12.66 and a 200 day moving average price of $11.72. Swatch Group has a 52 week low of $7.98 and a 52 week high of $13.97.

About Swatch Group

(Get Free Report)

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.

Further Reading

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