The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 14,800 shares, a decline of 25.6% from the October 31st total of 19,900 shares. Based on an average trading volume of 423,700 shares, the days-to-cover ratio is currently 0.0 days.

The Swatch Group Stock Performance

OTCMKTS:SWGAY remained flat at $9.07 during trading hours on Friday. The company’s stock had a trading volume of 84,783 shares, compared to its average volume of 190,970. The firm has a 50-day moving average price of $9.86 and a 200-day moving average price of $10.11. The Swatch Group has a 1-year low of $8.73 and a 1-year high of $13.73.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWGAY shares. UBS Group upgraded The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th.

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.