Swatch Group AG (OTCMKTS:SWGAY) Sees Significant Decline in Short Interest

Swatch Group AG (OTCMKTS:SWGAYGet Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 27,015 shares, a decrease of 70.1% from the July 15th total of 90,501 shares. Based on an average daily volume of 204,588 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

SWGAY has been the subject of a number of research analyst reports. Sanford C. Bernstein cut 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 research note on Thursday, June 18th. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a research note on Friday, May 8th. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Swatch Group currently has an average rating of “Hold”.

View Our Latest Analysis on Swatch Group

Swatch Group Stock Performance

Shares of OTCMKTS SWGAY opened at $11.92 on Friday. The business’s 50 day moving average price is $12.10 and its 200 day moving average price is $12.01. Swatch Group has a 52 week low of $8.25 and a 52 week high of $13.97.

Swatch Group Company Profile

(Get Free Report)

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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