Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Up 5.6% in December

Fossil Group, Inc. (NASDAQ:FOSL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 15th total of 1,620,000 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average trading volume of 961,900 shares, the days-to-cover ratio is presently 1.8 days.

Insiders Place Their Bets

In related news, CEO Franco Fogliato acquired 111,175 shares of Fossil Group stock in a transaction dated 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 completion of the purchase, the chief executive officer now owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in shares of Fossil Group in the 2nd quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC lifted its stake in Fossil Group by 91.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock worth $29,000 after acquiring an additional 9,624 shares during the period. XTX Topco Ltd bought a new stake in Fossil Group in the third quarter valued at $48,000. LVW Advisors LLC purchased a new position in Fossil Group during the 4th quarter valued at $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Fossil Group in the 2nd quarter worth $131,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Trading Up 1.7 %

Shares of FOSL opened at $1.77 on Tuesday. The stock has a market capitalization of $94.15 million, a P/E ratio of -0.76 and a beta of 2.20. The firm has a fifty day simple moving average of $1.71 and a two-hundred day simple moving average of $1.37. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.61.

Wall Street Analyst Weigh In

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

Fossil Group Company Profile

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.