Swatch Group AG (OTCMKTS:SWGAY) Sees Large Decline in Short Interest

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 25,689 shares, a decrease of 45.9% from the September 30th total of 47,451 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 159,221 shares, the short-interest ratio is currently 0.2 days.

Swatch Group Stock Performance

OTCMKTS SWGAY opened at $10.95 on Friday. The business has a fifty day moving average price of $10.97 and a two-hundred day moving average price of $11.68. Swatch Group has a fifty-two week low of $9.85 and a fifty-two week high of $13.97.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SWGAY shares. Kepler Capital Markets raised shares of Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday, July 29th. The Goldman Sachs Group began coverage on shares of Swatch Group in a research report on Sunday, October 4th. They issued a “sell” rating for the company. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Swatch Group Company Profile

Swatch Group AG is a Swiss watchmaking company headquartered in Biel/Bienne, Switzerland. It develops, manufactures and markets watches, watch movements, components and related systems, with activities spanning product design, production, distribution and retail.

The group’s brand portfolio covers a broad range of price segments and styles. Its brands include Swatch, Omega, Longines, Tissot, Rado, Mido, Hamilton, Certina, Breguet, Blancpain, Glashütte Original, Harry Winston, Union Glashütte and Flik Flak.