Fossil Group, Inc. (NASDAQ:FOSL) Sees Significant Increase in Short Interest

by · The Markets Daily

Fossil Group, Inc. (NASDAQ:FOSL – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 1,620,000 shares, an increase of 21.8% from the November 30th total of 1,330,000 shares. Based on an average trading volume of 935,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 3.5% of the shares of the stock are short sold.

Insider Activity at Fossil Group

In other Fossil Group news, CEO Franco Fogliato bought 111,175 shares of Fossil Group stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $1.37 per share, with a total value of $152,309.75. Following the acquisition, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. The trade was a 7.41 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Fossil Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC raised its position in shares of Fossil Group by 45.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after acquiring an additional 598,940 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fossil Group during the second quarter worth approximately $131,000. XTX Topco Ltd bought a new stake in Fossil Group in the third quarter worth approximately $48,000. RBF Capital LLC increased its holdings in Fossil Group by 12.7% in the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in Fossil Group in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 61.14% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Report on FOSL

Fossil Group Trading Down 5.6 %

Shares of FOSL stock traded down $0.10 on Tuesday, hitting $1.67. The company had a trading volume of 608,461 shares, compared to its average volume of 677,113. The stock’s 50-day moving average is $1.54 and its two-hundred day moving average is $1.33. 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 $88.83 million, a P/E ratio of -0.72 and a beta of 2.25. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.61.

Fossil Group Company Profile

(Get Free Report)

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.

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