Short Interest in Fossil Group, Inc. (NASDAQ:FOSL) Increases By 5.6%

Fossil Group, Inc. (NASDAQ:FOSL) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,710,000 shares, an increase of 5.6% from the December 15th total of 1,620,000 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily volume of 961,900 shares, the short-interest ratio is presently 1.8 days.

Insider Buying and Selling

In related news, CEO Franco Fogliato bought 111,175 shares of the stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the purchase, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This represents a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fossil Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LVW Advisors LLC purchased a new position in Fossil Group in the 4th quarter valued at $100,000. XTX Topco Ltd purchased a new position in shares of Fossil Group in the third quarter worth about $48,000. RBF Capital LLC boosted its position in Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after acquiring an additional 32,580 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fossil Group during the second quarter worth about $131,000. Finally, Nantahala Capital Management LLC grew its stake in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock valued at $2,696,000 after acquiring an additional 598,940 shares in the last quarter. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Price Performance

Fossil Group stock traded up $0.03 during trading on Monday, reaching $1.77. The company had a trading volume of 338,660 shares, compared to its average volume of 476,390. The firm has a market capitalization of $94.15 million, a PE ratio of -0.76 and a beta of 2.20. The firm’s 50-day simple moving average is $1.70 and its 200 day simple moving average is $1.36. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.10 and a current ratio of 1.81. Fossil Group has a 1-year low of $0.75 and a 1-year high of $2.61.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.