Swatch Group AG (OTCMKTS:SWGAY) Sees Large Growth in Short Interest

Swatch Group AG (OTCMKTS:SWGAY) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 51,307 shares, a growth of 156.9% from the December 31st total of 19,972 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 138,827 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 138,827 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Swatch Group Stock Performance

Swatch Group stock opened at $10.55 on Friday. The business has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $9.91. Swatch Group has a 12 month low of $7.26 and a 12 month high of $11.26.

About Swatch Group

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.