Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Update

Fossil Group, Inc. (NASDAQ:FOSL) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,710,000 shares, an increase of 5.6% from the December 15th total of 1,620,000 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 961,900 shares, the days-to-cover ratio is currently 1.8 days.

Fossil Group Stock Performance

NASDAQ FOSL traded up $0.03 on Monday, reaching $1.77. 338,660 shares of the company’s stock traded hands, compared to its average volume of 476,390. Fossil Group has a fifty-two week low of $0.75 and a fifty-two week high of $2.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. The firm has a market cap of $94.15 million, a price-to-earnings ratio of -0.76 and a beta of 2.20. The stock has a 50 day moving average price of $1.70 and a 200-day moving average price of $1.36.

Insider Buying and Selling at Fossil Group

In other Fossil Group news, CEO Franco Fogliato acquired 111,175 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the acquisition, the chief executive officer now owns 1,611,175 shares in the company, valued at approximately $2,207,309.75. This trade represents a 7.41 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FOSL. Vanguard Personalized Indexing Management LLC raised its position in shares of Fossil Group by 91.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after acquiring an additional 9,624 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group in the 2nd quarter worth about $131,000. AQR Capital Management LLC purchased a new position in Fossil Group during the second quarter worth approximately $28,000. Nantahala Capital Management LLC grew its holdings in Fossil Group by 45.8% in the second quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after purchasing an additional 598,940 shares during the period. Finally, RBF Capital LLC increased its position in shares of Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock valued at $339,000 after buying an additional 32,580 shares in the last quarter. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.