Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 34.4% in April

by · The Cerbat Gem

Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 45,375 shares, a drop of 34.4% from the April 15th total of 69,126 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 101,953 shares, the short-interest ratio is presently 0.4 days.

Swatch Group Stock Performance

Shares of OTCMKTS:SWGAY opened at $13.01 on Monday. Swatch Group has a 52 week low of $7.89 and a 52 week high of $13.72. The firm has a 50 day simple moving average of $11.49 and a 200 day simple moving average of $11.19.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWGAY. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday. Citigroup restated a “neutral” rating on shares of Swatch Group in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Stock Analysis on SWGAY

Swatch Group Company Profile

(Get Free Report)

The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.

Manufacturing and technical competence are central to the company’s operations.

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