Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Expands By 732.0%

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large growth in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 274,700 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 report on Thursday, January 9th.

The Swatch Group Stock Down 0.6 %

The Swatch Group stock traded down $0.05 during mid-day trading on Friday, reaching $8.94. 112,838 shares of the stock traded hands, compared to its average volume of 135,713. The Swatch Group has a 12-month low of $8.42 and a 12-month high of $11.77. The business’s 50-day moving average is $9.29 and its 200-day moving average is $9.40.

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.