The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 22,300 shares, an increase of 1,138.9% from the September 15th total of 1,800 shares. Based on an average trading volume of 326,700 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. UBS Group raised shares of The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Jefferies Financial Group cut The Swatch Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th.
View Our Latest Analysis on The Swatch Group
The Swatch Group Trading Down 0.6 %
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.
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