The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 25.6% in November

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 14,800 shares, a decline of 25.6% from the October 31st total of 19,900 shares. Based on an average daily volume of 423,700 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SWGAY shares. Berenberg Bank raised shares of The Swatch Group to a “strong sell” rating in a research report on Wednesday, October 30th. UBS Group raised shares of The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group cut shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th.

The Swatch Group Price Performance

SWGAY traded up $0.07 on Friday, reaching $9.07. The company had a trading volume of 178,609 shares, compared to its average volume of 217,103. The Swatch Group has a 1 year low of $8.73 and a 1 year high of $13.73. The stock has a 50-day moving average price of $9.86 and a 200-day moving average price of $10.12.

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.