The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 20,800 shares, a growth of 732.0% from the February 28th total of 2,500 shares. Based on an average daily volume of 274,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
The Swatch Group Trading Up 0.3 %
Shares of OTCMKTS:SWGAY traded up $0.03 during trading on Wednesday, reaching $8.99. 100,236 shares of the stock were exchanged, compared to its average volume of 136,044. The Swatch Group has a 12 month low of $8.42 and a 12 month high of $11.77. The stock has a 50-day moving average price of $9.28 and a 200-day moving average price of $9.41.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada downgraded shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 9th.
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.
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