Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Increases By 732.0%

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 20,800 shares, a growth of 732.0% from the February 28th total of 2,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 274,700 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th.

The Swatch Group Stock Up 0.3 %

Shares of SWGAY traded up $0.03 during mid-day trading on Thursday, reaching $8.99. 100,236 shares of the stock traded hands, compared to its average volume of 136,115. The Swatch Group has a 1 year low of $8.42 and a 1 year high of $11.77. The firm has a fifty day moving average price of $9.29 and a 200 day moving average price of $9.41.

About The Swatch Group

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.