The Swatch Group AG (OTCMKTS:SWGNF) Shares Shorted: Short Interest Up 2,147.6% in September

The Swatch Group AG (OTCMKTS:SWGNF) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 121,909 shares, a growth of 2,147.6% from the August 31st total of 5,424 shares. Based on an average daily volume of 63 shares, the days-to-cover ratio is currently 1,935.1 days.

The Swatch Group Price Performance

Shares of The Swatch Group stock opened at $41.90 on Friday. The Swatch Group has a 1 year low of $37.59 and a 1 year high of $52.42. The stock has a fifty day moving average price of $43.31 and a 200-day moving average price of $44.72.

The Swatch Group Company Profile

The Swatch Group AG is a Swiss company that designs, manufactures and distributes watches, watch movements, components and related products. Its portfolio spans multiple market segments, from fashion and accessible luxury to high-end mechanical timepieces.

The company’s watch brands include Swatch, Omega, Longines, Tissot, Rado, Hamilton, Certina, Mido, Breguet, Blancpain, Glashütte Original, Harry Winston and Union Glashütte. Through businesses such as ETA, Nivarox-FAR and Comadur, Swatch Group also produces movements, hairsprings, components, ceramics and other materials used in watchmaking.

Swatch Group traces its origins to the 1983 merger of Swiss watchmaking groups ASUAG and SSIH, a combination that helped establish the Swatch brand and supported the modernization of Switzerland’s watch industry.