Short Interest in Fossil Group, Inc. (NASDAQ:FOSL) Expands By 5.6%

Fossil Group, Inc. (NASDAQ:FOSL) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 15th total of 1,620,000 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average daily trading volume, of 961,900 shares, the short-interest ratio is presently 1.8 days.

Fossil Group Trading Up 1.7 %

Shares of Fossil Group stock traded up $0.03 during trading hours on Monday, hitting $1.77. The company’s stock had a trading volume of 338,660 shares, compared to its average volume of 476,390. The stock has a market cap of $94.15 million, a price-to-earnings ratio of -0.76 and a beta of 2.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.61. The firm has a fifty day moving average of $1.70 and a 200-day moving average of $1.36.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Insiders Place Their Bets

In other news, CEO Franco Fogliato purchased 111,175 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of $1.37 per share, with a total value of $152,309.75. Following the purchase, the chief executive officer now directly owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This represents a 7.41 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Fossil Group

Several institutional investors and hedge funds have recently bought and sold shares of FOSL. Vanguard Personalized Indexing Management LLC increased its position in shares of Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Fossil Group during the 2nd quarter worth approximately $28,000. RBF Capital LLC increased its holdings in Fossil Group by 12.7% in the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after purchasing an additional 32,580 shares during the last quarter. XTX Topco Ltd purchased a new stake in Fossil Group in the third quarter valued at approximately $48,000. Finally, LVW Advisors LLC purchased a new stake in Fossil Group in the fourth quarter valued at approximately $100,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.