Short Interest in Fossil Group, Inc. (NASDAQ:FOSL) Rises By 5.6%

Fossil Group, Inc. (NASDAQ:FOSL) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 15th total of 1,620,000 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily volume of 961,900 shares, the short-interest ratio is currently 1.8 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Insider Buying and Selling at Fossil Group

In other Fossil Group news, CEO Franco Fogliato acquired 111,175 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. The trade was a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

Institutional Trading of Fossil Group

Several institutional investors have recently made changes to their positions in FOSL. Vanguard Personalized Indexing Management LLC increased its position in shares of Fossil Group by 91.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after acquiring an additional 9,624 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Fossil Group during the 2nd quarter worth approximately $28,000. RBF Capital LLC increased its holdings in Fossil Group by 12.7% in the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after purchasing an additional 32,580 shares during the last quarter. XTX Topco Ltd purchased a new stake in Fossil Group in the third quarter valued at approximately $48,000. Finally, LVW Advisors LLC acquired a new position in Fossil Group during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Trading Up 1.7 %

Shares of FOSL traded up $0.03 during mid-day trading on Monday, reaching $1.77. The stock had a trading volume of 338,660 shares, compared to its average volume of 476,390. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.81 and a quick ratio of 1.10. The business’s fifty day moving average is $1.70 and its 200 day moving average is $1.36. Fossil Group has a 52-week low of $0.75 and a 52-week high of $2.61. The firm has a market cap of $94.15 million, a price-to-earnings ratio of -0.76 and a beta of 2.20.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.