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

The Swatch Group AG (OTCMKTS:SWGNF) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 91,400 shares, a growth of 93.2% from the September 15th total of 47,300 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 70.3 days.

The Swatch Group Stock Performance

Shares of OTCMKTS SWGNF remained flat at $43.31 during mid-day trading on Friday. The firm has a 50-day simple moving average of $41.20 and a 200-day simple moving average of $41.72. The Swatch Group has a one year low of $39.23 and a one year high of $51.00.

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.