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

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 175,100 shares, an increase of 514.4% from the December 15th total of 28,500 shares. Based on an average trading volume of 466,600 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

SWGAY has been the subject of several recent research reports. UBS Group raised The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group cut The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th.

The Swatch Group Trading Down 3.4 %

Shares of SWGAY stock traded down $0.30 on Monday, hitting $8.59. 338,308 shares of the stock traded hands, compared to its average volume of 256,335. The Swatch Group has a twelve month low of $8.52 and a twelve month high of $12.83. The firm’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $9.77.

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.