Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Increases By 317.2%

The Swatch Group AG (OTCMKTS:SWGAY) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 36,300 shares, a growth of 317.2% from the June 30th total of 8,700 shares. Based on an average daily trading volume, of 498,600 shares, the days-to-cover ratio is presently 0.1 days.

The Swatch Group Stock Performance

OTCMKTS SWGAY traded up $0.10 during trading hours on Friday, hitting $9.99. 247,185 shares of the company’s stock traded hands, compared to its average volume of 217,513. The business’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $11.09. The Swatch Group has a 52 week low of $9.40 and a 52 week high of $16.09.

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.