The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 15,800 shares, a drop of 78.6% from the January 31st total of 74,000 shares. Based on an average daily volume of 125,200 shares, the short-interest ratio is presently 0.1 days.
Analyst Ratings Changes
Separately, Royal Bank of Canada cut shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th.
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The Swatch Group Stock Performance
The Swatch Group Company Profile
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.
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