The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 162,600 shares, a growth of 629.1% from the September 30th total of 22,300 shares. Based on an average daily trading volume, of 334,100 shares, the days-to-cover ratio is currently 0.5 days.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on SWGAY. UBS Group upgraded The Swatch Group to a "strong sell" rating in a report on Monday, September 23rd. Jefferies Financial Group downgraded shares of The Swatch Group from a "hold" rating to an "underperform" rating in a report on Friday, September 20th.
Check Out Our Latest Stock Report on SWGAY
The Swatch Group Trading Up 0.7 %
Shares of The Swatch Group stock traded up $0.07 during trading on Friday, reaching $10.52. The company's stock had a trading volume of 85,042 shares, compared to its average volume of 190,124. The business's fifty day moving average price is $10.04 and its 200-day moving average price is $10.33. The Swatch Group has a one year low of $8.73 and a one year high of $13.73.
About The Swatch Group
(
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The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.
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