Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 51,307 shares, a growth of 156.9% from the December 31st total of 19,972 shares. Based on an average trading volume of 138,827 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 138,827 shares, the days-to-cover ratio is presently 0.4 days.
Swatch Group Trading Up 11.4%
Shares of SWGAY opened at $11.75 on Friday. Swatch Group has a fifty-two week low of $7.26 and a fifty-two week high of $11.85. The business’s 50-day moving average is $10.57 and its 200-day moving average is $9.93.
About Swatch Group
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.
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