Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Up 21.8% in December

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,620,000 shares, a growth of 21.8% from the November 30th total of 1,330,000 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average trading volume of 935,200 shares, the short-interest ratio is presently 1.7 days.

Fossil Group Trading Down 5.6 %

NASDAQ FOSL traded down $0.10 on Tuesday, hitting $1.67. 608,461 shares of the stock were exchanged, compared to its average volume of 677,113. The company's 50-day moving average price is $1.54 and its two-hundred day moving average price is $1.33. The company has a market capitalization of $88.83 million, a price-to-earnings ratio of -0.72 and a beta of 2.25. Fossil Group has a 52-week low of $0.75 and a 52-week high of $2.61. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Fossil Group from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Insider Activity

In related news, CEO Franco Fogliato acquired 111,175 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Fossil Group in the 3rd quarter valued at about $48,000. RBF Capital LLC grew its position in Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company's stock valued at $339,000 after purchasing an additional 32,580 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group in the 2nd quarter valued at approximately $131,000. Nantahala Capital Management LLC lifted its position in Fossil Group by 45.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company's stock worth $2,696,000 after buying an additional 598,940 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Fossil Group during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 61.14% of the company's stock.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.