Swatch Group AG (OTCMKTS:SWGAY) Shares Shorted: Short Interest Down 97.6% in October

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 628 shares, a decline of 97.6% from the October 15th total of 25,689 shares. Based on an average daily volume of 184,995 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Swatch Group Stock Performance

Swatch Group stock traded down $0.01 during midday trading on Thursday, reaching $11.43. The stock had a trading volume of 6,231 shares, compared to its average volume of 89,372. Swatch Group has a 52-week low of $9.97 and a 52-week high of $13.97. The company has a fifty day moving average of $10.91 and a 200 day moving average of $11.70.

Analyst Ratings Changes

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

Swatch Group Company Profile

The Swatch Group is a Swiss manufacturer and distributor of watches and related products. Its portfolio spans brands including Swatch, Tissot, Longines, Omega, Breguet, Blancpain, Rado, Hamilton and Glashütte Original, serving a range of markets from accessible watches to luxury timepieces. The company also develops and manufactures watch movements, components and other products used in watchmaking. Its activities include production, marketing and distribution, with operations and sales serving customers around the world.