The Swatch Group AG (OTCMKTS:SWGNF) Sees Large Increase in Short Interest

The Swatch Group AG (OTCMKTS:SWGNF) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 121,909 shares, a growth of 2,147.6% from the August 31st total of 5,424 shares. Based on an average daily volume of 63 shares, the days-to-cover ratio is currently 1,935.1 days.

The Swatch Group Price Performance

Shares of SWGNF remained flat at $41.90 on Thursday. The firm has a 50 day moving average of $43.55 and a two-hundred day moving average of $44.75. The Swatch Group has a 12 month low of $37.59 and a 12 month high of $52.42.

About The Swatch Group

The Swatch Group AG is a Swiss company that designs, manufactures and distributes watches, watch movements, components and related products. Its portfolio spans multiple market segments, from fashion and accessible luxury to high-end mechanical timepieces.

The company’s watch brands include Swatch, Omega, Longines, Tissot, Rado, Hamilton, Certina, Mido, Breguet, Blancpain, Glashütte Original, Harry Winston and Union Glashütte. Through businesses such as ETA, Nivarox-FAR and Comadur, Swatch Group also produces movements, hairsprings, components, ceramics and other materials used in watchmaking.

Swatch Group traces its origins to the 1983 merger of Swiss watchmaking groups ASUAG and SSIH, a combination that helped establish the Swatch brand and supported the modernization of Switzerland’s watch industry.