The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 15,800 shares, a drop of 78.6% from the January 31st total of 74,000 shares. Based on an average daily volume of 125,200 shares, the short-interest ratio is presently 0.1 days.
Analyst Ratings Changes
Separately, Royal Bank of Canada lowered The Swatch Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 9th.
Check Out Our Latest Stock Analysis on SWGAY
The Swatch Group Price Performance
Shares of The Swatch Group stock traded up $0.01 during mid-day trading on Tuesday, hitting $9.64. 74,990 shares of the stock were exchanged, compared to its average volume of 137,823. The Swatch Group has a 12 month low of $8.42 and a 12 month high of $11.95. The company has a 50-day simple moving average of $9.14 and a 200 day simple moving average of $9.52.
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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