Short Interest in Fossil Group, Inc. (NASDAQ:FOSL) Increases By 5.6%

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,710,000 shares, an increase of 5.6% from the December 31st total of 1,620,000 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily volume of 961,900 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

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

Fossil Group Stock Performance

FOSL traded down $0.05 on Thursday, reaching $1.79. The stock had a trading volume of 219,537 shares, compared to its average volume of 370,664. The business's 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.40. The company has a market cap of $95.21 million, a P/E ratio of -0.77 and a beta of 2.18. Fossil Group has a 12-month low of $0.75 and a 12-month high of $2.61. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07.

Fossil Group (NASDAQ:FOSL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share for the quarter. The business had revenue of $287.80 million during the quarter. Fossil Group had a negative net margin of 10.07% and a negative return on equity of 40.95%.

Insider Buying and Selling

In related news, CEO Franco Fogliato bought 111,175 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $1.37 per share, with a total value of $152,309.75. Following the completion of the acquisition, the chief executive officer now directly owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. The trade was a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Fossil Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in shares of Fossil Group during the 2nd quarter valued at approximately $28,000. RBF Capital LLC lifted its holdings 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. XTX Topco Ltd acquired a new stake in shares of Fossil Group in the third quarter valued at about $48,000. LVW Advisors LLC purchased a new stake in shares of Fossil Group during the fourth quarter worth about $100,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fossil Group during the fourth quarter worth about $35,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Fossil Group Company Profile

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.