The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 29.3% in March

The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 14,700 shares, a drop of 29.3% from the March 15th total of 20,800 shares. Based on an average daily volume of 202,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are short sold.

The Swatch Group Stock Performance

Shares of SWGAY traded down $0.03 during midday trading on Tuesday, hitting $8.09. The company had a trading volume of 181,142 shares, compared to its average volume of 173,732. The company's 50-day simple moving average is $8.87 and its 200-day simple moving average is $9.18. The Swatch Group has a 1 year low of $7.26 and a 1 year high of $11.19.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut The Swatch Group from a "hold" rating to a "strong sell" rating in a report on Thursday, January 9th.

About The Swatch Group

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.