The Swatch Group AG (OTCMKTS:SWGAY) Sees Large Increase in Short Interest

The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 74,000 shares, a growth of 128.4% from the January 15th total of 32,400 shares. Based on an average trading volume of 361,600 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SWGAY shares. Royal Bank of Canada cut The Swatch Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 9th. Berenberg Bank upgraded The Swatch Group to a "strong sell" rating in a report on Wednesday, October 30th.

The Swatch Group Trading Down 1.3 %

SWGAY stock traded down $0.12 during trading on Monday, hitting $9.44. The stock had a trading volume of 28,794 shares, compared to its average volume of 172,058. The Swatch Group has a twelve month low of $8.42 and a twelve month high of $12.33. The company's 50-day moving average price is $9.04 and its two-hundred day moving average price is $9.59.

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.