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

The Swatch Group AG (OTCMKTS:SWGAYGet 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 %

OTCMKTS:SWGAY traded down $0.06 during trading hours on Friday, reaching $10.60. The company had a trading volume of 142,475 shares, compared to its average volume of 189,585. The business’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $10.43. The Swatch Group has a twelve month low of $8.73 and a twelve month high of $13.73.

About The Swatch Group

(Get Free Report)

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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