The Swatch Group AG (OTCMKTS:SWGNF) Sees Significant Growth in Short Interest

The Swatch Group AG (OTCMKTS:SWGNF) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 47,300 shares, a growth of 245.3% from the August 31st total of 13,700 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 67.6 days.

The Swatch Group Price Performance

SWGNF traded up $2.19 on Friday, reaching $41.42. The company had a trading volume of 328 shares, compared to its average volume of 537. The Swatch Group has a 1 year low of $39.23 and a 1 year high of $51.00. The stock has a 50-day moving average price of $40.95 and a 200-day moving average price of $41.88.

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.