The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 14,700 shares, a decrease of 29.3% from the March 15th total of 20,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 202,500 shares, the short-interest ratio is presently 0.1 days.
The Swatch Group Trading Up 1.4 %
SWGAY opened at $8.12 on Friday. The firm has a fifty day moving average price of $8.92 and a 200 day moving average price of $9.24. The Swatch Group has a 1 year low of $7.26 and a 1 year high of $11.19.
Analyst Ratings Changes
Separately, Royal Bank of Canada downgraded The Swatch Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th.
The Swatch Group Company Profile
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.
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