The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 32,400 shares, a decline of 81.5% from the December 31st total of 175,100 shares. Based on an average daily volume of 492,600 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Ratings Changes
A number of research firms have commented on SWGAY. Royal Bank of Canada lowered The Swatch Group from a "hold" rating to a "strong sell" rating in a report on Thursday, January 9th. Berenberg Bank upgraded The Swatch Group to a "strong sell" rating in a research report on Wednesday, October 30th.
Read Our Latest Research Report on The Swatch Group
The Swatch Group Stock Performance
OTCMKTS:SWGAY traded down $0.28 during midday trading on Tuesday, hitting $9.06. 42,532 shares of the company traded hands, compared to its average volume of 204,070. The firm's fifty day moving average is $9.00 and its 200-day moving average is $9.64. The Swatch Group has a 12-month low of $8.42 and a 12-month high of $12.33.
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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