Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 27,015 shares, a decline of 70.1% from the July 15th total of 90,501 shares. Based on an average daily trading volume, of 204,588 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Swatch Group Stock Down 0.2%
Shares of OTCMKTS SWGAY opened at $11.84 on Thursday. Swatch Group has a 1-year low of $8.25 and a 1-year high of $13.97. The company has a fifty day moving average price of $12.13 and a 200 day moving average price of $12.00.
Analyst Ratings Changes
Several brokerages recently commented on SWGAY. Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upgraded Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research raised Swatch Group to a “hold” rating in a research report on Friday, May 8th. Kepler Capital Markets upgraded Swatch Group from a “reduce” rating to a “buy” rating in a research report on Wednesday, July 29th. Finally, Citigroup reissued a “neutral” rating on shares of Swatch Group in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.
Swatch Group Company Profile
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.
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