The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 514.4% in January

The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 175,100 shares, an increase of 514.4% from the December 31st total of 28,500 shares. Based on an average daily trading volume, of 466,600 shares, the short-interest ratio is presently 0.4 days.

The Swatch Group Stock Performance

SWGAY stock traded up $0.04 during midday trading on Friday, reaching $9.24. 187,682 shares of the company's stock traded hands, compared to its average volume of 199,316. The firm's fifty day moving average price is $8.99 and its 200-day moving average price is $9.64. The Swatch Group has a 52 week low of $8.42 and a 52 week high of $12.33.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWGAY. Royal Bank of Canada downgraded shares of The Swatch Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 9th. Berenberg Bank upgraded shares of The Swatch Group to a "strong sell" rating in a research note on Wednesday, October 30th.

The Swatch Group Company Profile

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.