The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 87.8% in October

The Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 19,900 shares, a decrease of 87.8% from the October 15th total of 162,600 shares. Based on an average daily trading volume, of 311,800 shares, the short-interest ratio is currently 0.1 days.

The Swatch Group Stock Up 0.4 %

Shares of SWGAY stock traded up $0.04 during trading on Wednesday, hitting $8.96. The company had a trading volume of 235,981 shares, compared to its average volume of 188,887. The stock’s 50-day moving average is $9.92 and its two-hundred day moving average is $10.25. The Swatch Group has a 52 week low of $8.73 and a 52 week high of $13.73.

Wall Street Analyst Weigh In

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

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.