Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 88.6% in May

Swatch Group AG (OTCMKTS:SWGAY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,690 shares, a decline of 88.6% from the May 14th total of 84,974 shares. Based on an average trading volume of 156,163 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SWGAY. Royal Bank Of Canada upgraded Swatch Group from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Swatch Group to a “hold” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Swatch Group Stock Performance

SWGAY stock traded up $0.07 during midday trading on Tuesday, reaching $12.66. The company had a trading volume of 51,308 shares, compared to its average volume of 95,885. The stock has a 50 day moving average price of $12.23 and a 200 day moving average price of $11.48. Swatch Group has a fifty-two week low of $7.89 and a fifty-two week high of $13.97.

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.