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

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant 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 short-interest ratio is presently 0.0 days.

The Swatch Group Price Performance

OTCMKTS:SWGAY opened at $9.07 on Friday. The Swatch Group has a one year low of $8.73 and a one year high of $13.73. The company’s 50-day simple moving average is $9.86 and its 200 day simple moving average is $10.11.

Wall Street Analysts Forecast Growth

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