Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

Swatch Group AG (OTCMKTS:SWGAY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 84,974 shares, an increase of 87.3% from the April 30th total of 45,375 shares. Based on an average trading volume of 200,709 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts have issued reports on SWGAY shares. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swatch Group in a research report on Friday, February 6th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Swatch Group Stock Down 0.4%

OTCMKTS:SWGAY opened at $13.70 on Tuesday. The company has a 50 day moving average price of $12.00 and a 200-day moving average price of $11.40. Swatch Group has a 1-year low of $7.89 and a 1-year high of $13.92.

Swatch Group Company Profile

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.