The Swatch Group AG (OTCMKTS:SWGNF – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,555 shares, an increase of 2,729.2% from the April 30th total of 161 shares. Based on an average daily volume of 271 shares, the days-to-cover ratio is presently 16.8 days.
The Swatch Group Price Performance
SWGNF stock remained flat at $45.63 during trading on Wednesday. The company’s 50 day simple moving average is $43.77 and its 200 day simple moving average is $44.07. The Swatch Group has a 12 month low of $33.95 and a 12 month high of $52.42.
About The Swatch Group
The Swatch Group AG is a Switzerland-based manufacturer renowned for its wide range of wristwatches, watch movements and related components. Headquartered in Biel/Bienne, the company operates as one of the world’s leading watchmaking groups, offering timepieces across luxury, premium and accessible segments. In addition to watch production, the Swatch Group oversees jewelry manufacturing and supplies mechanical and quartz movements to both its own brands and external clients.
The group’s brand portfolio spans multiple market tiers, including high-end names such as Breguet, Blancpain and Harry Winston; prestigious makers like Omega, Longines and Glashütte Original; and accessible labels including Swatch and Tissot.
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