Swatch Group AG (OTCMKTS:SWGAY) Shares Shorted: Short Interest Down 45.9% in October

Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 25,689 shares, a drop of 45.9% from the September 30th total of 47,451 shares. Based on an average trading volume of 159,221 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Kepler Capital Markets upgraded shares of Swatch Group from a “reduce” rating to a “buy” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Swatch Group in a research report on Sunday, October 4th. They set a “sell” rating on the stock. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Swatch Group Stock Performance

Swatch Group stock opened at $10.95 on Friday. The stock’s fifty day moving average price is $10.97 and its two-hundred day moving average price is $11.68. Swatch Group has a one year low of $9.85 and a one year high of $13.97.

About Swatch Group

Swatch Group AG is a Swiss watchmaking company headquartered in Biel/Bienne, Switzerland. It develops, manufactures and markets watches, watch movements, components and related systems, with activities spanning product design, production, distribution and retail.

The group’s brand portfolio covers a broad range of price segments and styles. Its brands include Swatch, Omega, Longines, Tissot, Rado, Mido, Hamilton, Certina, Breguet, Blancpain, Glashütte Original, Harry Winston, Union Glashütte and Flik Flak.