Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 90,501 shares, an increase of 86.1% from the June 30th total of 48,625 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 120,026 shares, the short-interest ratio is currently 0.8 days.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Sanford C. Bernstein lowered shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday. Zacks Research upgraded Swatch Group to a “hold” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on SWGAY
Swatch Group Trading Up 2.1%
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.
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