Swatch Group AG (OTCMKTS:SWGAY) Shares Shorted: Short Interest Up 48.0% in September

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 48,289 shares, a growth of 48.0% from the August 31st total of 32,631 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 168,171 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWGAY shares. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday, July 29th. Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a report on Thursday, June 25th. Finally, Citigroup restated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Swatch Group Stock Down 0.9%

Shares of Swatch Group stock opened at $11.05 on Friday. The business has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $11.83. Swatch Group has a one year low of $9.29 and a one year high of $13.97.

Swatch Group Company Profile

Swatch Group Ltd. is a Swiss-based international watchmaking and jewelry company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures and markets watches, jewelry, watch movements and components, as well as related electronic systems and products.

Its portfolio includes brands across the luxury, prestige and entry-level segments, including Breguet, Blancpain, Omega, Longines, Rado, Tissot, Hamilton, Certina, Mido, Swatch, Glashütte Original and Harry Winston. Through its manufacturing companies, Swatch Group also supplies mechanical and quartz movements, watch components and other production technologies to its own brands and, in some cases, external customers.

The company was formed in 1983 through the merger of Swiss watchmaking groups ASUAG and SSIH.