The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 51.4% in November

The Swatch Group AG (OTCMKTS:SWGAY) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 22,400 shares, an increase of 51.4% from the November 15th total of 14,800 shares. Based on an average daily trading volume, of 435,000 shares, the short-interest ratio is presently 0.1 days.

The Swatch Group Trading Down 0.5 %

SWGAY stock opened at $9.20 on Friday. The stock has a fifty day moving average of $9.67 and a 200-day moving average of $10.01. The Swatch Group has a fifty-two week low of $8.73 and a fifty-two week high of $13.73.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SWGAY. UBS Group raised The Swatch Group to a “strong sell” rating in a research note on Monday, September 23rd. Jefferies Financial Group downgraded shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. Finally, Berenberg Bank upgraded The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th.

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.