Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 90,501 shares, an increase of 86.1% from the June 30th total of 48,625 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 120,026 shares, the days-to-cover ratio is currently 0.8 days.
Swatch Group Stock Performance
Shares of OTCMKTS SWGAY opened at $11.09 on Friday. Swatch Group has a one year low of $8.25 and a one year high of $13.97. The company’s fifty day moving average is $12.45 and its two-hundred day moving average is $11.95.
Analyst Ratings Changes
Several analysts have recently weighed in on SWGAY shares. Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research upgraded shares of Swatch Group to a “hold” rating in a research report on Friday, May 8th. Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday. Sanford C. Bernstein lowered Swatch Group from an “outperform” rating to a “market perform” rating in a report on Thursday, June 25th. Finally, Citigroup reiterated a “neutral” rating on shares of Swatch Group in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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