The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 20,800 shares, an increase of 732.0% from the February 28th total of 2,500 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 274,700 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada lowered The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th.
Check Out Our Latest Analysis on The Swatch Group
The Swatch Group Stock Down 0.6 %
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.
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