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

Swatch Group AG (OTCMKTS:SWGAY) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 45,375 shares, a drop of 34.4% from the April 15th total of 69,126 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 101,953 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

SWGAY has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating on shares of Swatch Group in a research report on Friday, February 6th. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Swatch Group Price Performance

Shares of SWGAY stock opened at $12.96 on Tuesday. The stock has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $11.21. Swatch Group has a 12-month low of $7.89 and a 12-month high of $13.72.

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.