Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 90,501 shares, an increase of 86.1% from the June 30th total of 48,625 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 120,026 shares, the days-to-cover ratio is presently 0.8 days.
Swatch Group Trading Up 1.2%
OTCMKTS SWGAY opened at $11.12 on Friday. The company has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $11.94. Swatch Group has a 12-month low of $8.25 and a 12-month high of $13.97.
Analyst Upgrades and Downgrades
SWGAY has been the subject of a number of research analyst reports. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday. Sanford C. Bernstein downgraded shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Finally, Zacks Research upgraded Swatch Group to a “hold” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.
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.
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