Swatch Group AG (OTCMKTS:SWGAY) Stock Short Interest Report for October

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

Analyst Ratings Changes

SWGAY has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on Swatch Group in a research report on Sunday, October 4th. They issued a “sell” rating on the stock. Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Swatch Group has an average rating of “Hold”.

Swatch Group Stock Up 1.7%

Shares of SWGAY traded up $0.19 during mid-day trading on Tuesday, hitting $11.44. 44,699 shares of the company’s stock were exchanged, compared to its average volume of 100,708. Swatch Group has a fifty-two week low of $9.97 and a fifty-two week high of $13.97. The stock’s 50-day moving average is $10.91 and its 200-day moving average is $11.70.

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.