Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Grows By 629.1%

The Swatch Group AG (OTCMKTS:SWGAY) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 162,600 shares, an increase of 629.1% from the September 30th total of 22,300 shares. Based on an average daily trading volume, of 334,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of brokerages have commented on SWGAY. Jefferies Financial Group lowered shares of The Swatch Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. UBS Group raised shares of The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd.

The Swatch Group Trading Up 0.7 %

Shares of SWGAY stock traded up $0.07 on Friday, reaching $10.52. 85,197 shares of the stock were exchanged, compared to its average volume of 190,124. The stock has a 50 day moving average price of $10.04 and a 200 day moving average price of $10.32. The Swatch Group has a one year low of $8.73 and a one year high of $13.73.

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.