Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 49.3% in December

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 19,972 shares, a drop of 49.3% from the December 15th total of 39,358 shares. Based on an average daily trading volume, of 95,109 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 95,109 shares, the short-interest ratio is currently 0.2 days.

Swatch Group Price Performance

Shares of SWGAY opened at $10.85 on Friday. The firm has a fifty day moving average of $10.54 and a 200-day moving average of $9.74. Swatch Group has a 1 year low of $7.26 and a 1 year high of $11.26.

Swatch Group Company Profile

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.