Swatch Group AG (OTCMKTS:SWGAY) Shares Shorted: Short Interest Down 97.6% in October

Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 628 shares, a drop of 97.6% from the October 15th total of 25,689 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 184,995 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on SWGAY. The Goldman Sachs Group assumed coverage on shares of Swatch Group in a research report on Sunday, October 4th. They set a “sell” rating on the stock. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Swatch Group presently has an average rating of “Hold”.

Swatch Group Price Performance

Shares of Swatch Group stock traded up $0.01 during trading on Wednesday, reaching $11.45. The company’s stock had a trading volume of 15,168 shares, compared to its average volume of 89,604. Swatch Group has a 52-week low of $9.97 and a 52-week high of $13.97. The firm’s 50-day moving average is $10.91 and its two-hundred day moving average is $11.70.

Swatch Group Company Profile

The Swatch Group is a Swiss manufacturer and distributor of watches and related products. Its portfolio spans brands including Swatch, Tissot, Longines, Omega, Breguet, Blancpain, Rado, Hamilton and Glashütte Original, serving a range of markets from accessible watches to luxury timepieces. The company also develops and manufactures watch movements, components and other products used in watchmaking. Its activities include production, marketing and distribution, with operations and sales serving customers around the world.