Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 42,343 shares, a drop of 39.7% from the February 26th total of 70,269 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 238,235 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Swatch Group in a research note on Friday, February 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Swatch Group Trading Down 1.7%

SWGAY stock opened at $10.61 on Friday. The firm has a 50 day moving average of $11.56 and a 200 day moving average of $10.73. Swatch Group has a 52 week low of $7.26 and a 52 week high of $13.10.

About Swatch Group

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.