The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 514.4% in December

The Swatch Group AG (OTCMKTS:SWGAY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 175,100 shares, a growth of 514.4% from the December 15th total of 28,500 shares. Based on an average daily volume of 466,600 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

SWGAY has been the topic of several analyst reports. UBS Group raised The Swatch Group to a “strong sell” rating in a report on Monday, September 23rd. Jefferies Financial Group cut shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. Finally, Berenberg Bank upgraded shares of The Swatch Group to a “strong sell” rating in a research note on Wednesday, October 30th.

The Swatch Group Price Performance

Shares of The Swatch Group stock traded down $0.30 on Monday, hitting $8.59. The company’s stock had a trading volume of 338,308 shares, compared to its average volume of 256,335. The firm has a fifty day moving average price of $9.13 and a 200-day moving average price of $9.77. The Swatch Group has a 1 year low of $8.52 and a 1 year high of $12.83.

The Swatch Group Company Profile

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.