Fossil Group, Inc. (NASDAQ:FOSL) Sees Significant Decrease in Short Interest

Fossil Group, Inc. (NASDAQ:FOSL) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 2,020,000 shares, a drop of 6.0% from the July 15th total of 2,150,000 shares. Based on an average daily trading volume, of 660,900 shares, the days-to-cover ratio is currently 3.1 days. Currently, 4.2% of the shares of the stock are short sold.

Fossil Group Trading Up 5.2 %

Shares of FOSL opened at $1.22 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.16 and a quick ratio of 1.40. Fossil Group has a 1 year low of $0.75 and a 1 year high of $2.30. The company has a 50 day simple moving average of $1.30 and a two-hundred day simple moving average of $1.13. The firm has a market cap of $64.58 million, a P/E ratio of -0.46 and a beta of 2.16.

Institutional Investors Weigh In On Fossil Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Fossil Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,672,340 shares of the accessories brand company’s stock valued at $2,726,000 after buying an additional 15,279 shares in the last quarter. Nantahala Capital Management LLC boosted its position in shares of Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after acquiring an additional 598,940 shares during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Fossil Group during the 4th quarter valued at approximately $1,496,000. Acadian Asset Management LLC boosted its position in shares of Fossil Group by 3.3% during the 1st quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock valued at $592,000 after acquiring an additional 18,764 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Fossil Group by 97.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after acquiring an additional 49,100 shares during the last quarter. 61.14% of the stock is owned by hedge funds and other institutional investors.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.