Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 34.4% in April

Swatch Group AG (OTCMKTS:SWGAY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 45,375 shares, a decrease of 34.4% from the April 15th total of 69,126 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 101,953 shares, the days-to-cover ratio is currently 0.4 days.

Swatch Group Stock Performance

SWGAY stock opened at $13.01 on Monday. The company has a 50 day moving average of $11.49 and a two-hundred day moving average of $11.19. Swatch Group has a 12-month low of $7.89 and a 12-month high of $13.72.

Analyst Ratings Changes

SWGAY has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a research report on Friday, May 8th. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday. Finally, Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Swatch Group currently 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.