Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 90,501 shares, a growth of 86.1% from the June 30th total of 48,625 shares. Based on an average daily volume of 120,026 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.
Swatch Group Trading Up 2.1%
Swatch Group stock opened at $10.70 on Thursday. The stock has a 50 day moving average of $12.49 and a 200-day moving average of $11.95. Swatch Group has a 52 week low of $8.25 and a 52 week high of $13.97.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Sanford C. Bernstein cut shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Zacks Research upgraded Swatch Group to a “hold” rating in a research note on Friday, May 8th. Finally, Kepler Capital Markets upgraded Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
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.
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