The Swatch Group AG (OTCMKTS:SWGNF) Sees Large Increase in Short Interest

The Swatch Group AG (OTCMKTS:SWGNF) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,200 shares, an increase of 1,200.0% from the March 15th total of 400 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 6.5 days.

The Swatch Group Stock Down 9.7 %

OTCMKTS:SWGNF traded down $3.55 during trading hours on Monday, hitting $33.21. 13,022 shares of the company’s stock traded hands, compared to its average volume of 3,766. The stock’s fifty day moving average price is $37.22 and its two-hundred day moving average price is $37.50. The Swatch Group has a twelve month low of $33.21 and a twelve month high of $43.31.

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.