Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Update

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

Insider Activity

In related news, CEO Franco Fogliato acquired 111,175 shares of Fossil Group stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Fossil Group

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Fossil Group in the 2nd quarter valued at about $28,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Fossil Group by 91.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company's stock valued at $29,000 after purchasing an additional 9,624 shares during the period. XTX Topco Ltd purchased a new position in shares of Fossil Group in the third quarter valued at approximately $48,000. LVW Advisors LLC acquired a new position in shares of Fossil Group in the fourth quarter valued at approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Fossil Group during the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 61.14% of the company's stock.

Analyst Ratings Changes

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

Fossil Group Trading Up 1.7 %

NASDAQ FOSL traded up $0.03 on Monday, reaching $1.77. The stock had a trading volume of 338,660 shares, compared to its average volume of 476,390. Fossil Group has a 12-month low of $0.75 and a 12-month high of $2.61. The stock has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.37. The firm has a market capitalization of $94.15 million, a price-to-earnings ratio of -0.76 and a beta of 2.20. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07.

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.