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

The Swatch Group AG (OTCMKTS:SWGAY) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 22,400 shares, an increase of 51.4% from the November 15th total of 14,800 shares. Based on an average trading volume of 435,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SWGAY. UBS Group upgraded The Swatch Group to a “strong sell” rating in a report on Monday, September 23rd. Berenberg Bank upgraded The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lowered The Swatch Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th.

The Swatch Group Trading Down 0.5 %

Shares of SWGAY opened at $9.20 on Friday. The Swatch Group has a 12 month low of $8.73 and a 12 month high of $13.73. The stock has a fifty day moving average price of $9.70 and a 200-day moving average price of $10.01.

About The Swatch Group

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.