The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 514.4% in January

The Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 175,100 shares, an increase of 514.4% from the December 31st total of 28,500 shares. Based on an average daily volume of 466,600 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

SWGAY has been the subject of several recent analyst reports. Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th. Royal Bank of Canada downgraded shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 9th.

The Swatch Group Stock Down 2.1 %

SWGAY traded down $0.19 on Tuesday, reaching $9.05. The stock had a trading volume of 126,875 shares, compared to its average volume of 221,869. The Swatch Group has a 12-month low of $8.42 and a 12-month high of $12.33. The business’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $9.66.

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.