The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 28,500 shares, a growth of 27.2% from the November 30th total of 22,400 shares. Based on an average daily trading volume, of 438,700 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analyst Weigh In
SWGAY has been the topic of a number of research analyst reports. Jefferies Financial Group lowered The Swatch Group from a "hold" rating to an "underperform" rating in a report on Friday, September 20th. Berenberg Bank upgraded shares of The Swatch Group to a "strong sell" rating in a report on Wednesday, October 30th. Finally, UBS Group upgraded shares of The Swatch Group to a "strong sell" rating in a report on Monday, September 23rd.
Read Our Latest Stock Analysis on SWGAY
The Swatch Group Price Performance
Shares of OTCMKTS SWGAY traded down $0.11 during mid-day trading on Friday, reaching $9.03. The company had a trading volume of 283,169 shares, compared to its average volume of 194,372. The stock has a fifty day moving average of $9.41 and a two-hundred day moving average of $9.89. The Swatch Group has a 12-month low of $8.65 and a 12-month high of $13.66.
The Swatch Group Company Profile
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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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