Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

Swatch Group AG (OTCMKTS:SWGAY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 48,289 shares, an increase of 48.0% from the August 31st total of 32,631 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 168,171 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on SWGAY. Sanford C. Bernstein lowered Swatch Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 25th. Citigroup restated a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. Finally, Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Swatch Group Price Performance

Shares of OTCMKTS SWGAY opened at $10.98 on Friday. Swatch Group has a twelve month low of $9.37 and a twelve month high of $13.97. The firm has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $11.83.

About Swatch Group

Swatch Group Ltd. is a Swiss-based international watchmaking and jewelry company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures and markets watches, jewelry, watch movements and components, as well as related electronic systems and products.

Its portfolio includes brands across the luxury, prestige and entry-level segments, including Breguet, Blancpain, Omega, Longines, Rado, Tissot, Hamilton, Certina, Mido, Swatch, Glashütte Original and Harry Winston. Through its manufacturing companies, Swatch Group also supplies mechanical and quartz movements, watch components and other production technologies to its own brands and, in some cases, external customers.

The company was formed in 1983 through the merger of Swiss watchmaking groups ASUAG and SSIH.