The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 87.8% in October

The Swatch Group AG (OTCMKTS:SWGAY) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 19,900 shares, a decline of 87.8% from the October 15th total of 162,600 shares. Based on an average daily trading volume, of 311,800 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

SWGAY has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. UBS Group raised shares of The Swatch Group to a “strong sell” rating in a report on Monday, September 23rd. Finally, Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th.

The Swatch Group Price Performance

OTCMKTS SWGAY traded up $0.04 during trading on Wednesday, hitting $8.96. 235,981 shares of the company’s stock traded hands, compared to its average volume of 188,887. The Swatch Group has a 12-month low of $8.73 and a 12-month high of $13.73. The business has a 50 day moving average of $9.92 and a 200-day moving average of $10.25.

The Swatch Group Company Profile

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.