Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Expands By 506.7%

The Swatch Group AG (OTCMKTS:SWGAYGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 9,100 shares, a growth of 506.7% from the April 15th total of 1,500 shares. Based on an average daily volume of 158,900 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS:SWGAY opened at $12.05 on Thursday. The company’s 50-day moving average is $13.25 and its two-hundred day moving average is $14.40. The Swatch Group has a 12-month low of $11.36 and a 12-month high of $18.59.

SWGAY has been the topic of a number of research reports. Morgan Stanley downgraded shares of The Swatch Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 18th. Credit Suisse Group decreased their price target on shares of The Swatch Group from CHF 375 to CHF 360 in a research note on Wednesday, January 26th. HSBC raised shares of The Swatch Group from a “hold” rating to a “buy” rating in a research note on Monday, January 24th. Finally, Societe Generale reduced their price objective on shares of The Swatch Group from CHF 330 to CHF 290 and set a “hold” rating for the company in a research report on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, The Swatch Group presently has a consensus rating of “Hold” and a consensus target price of $325.00.

The Swatch Group Company Profile (Get Rating)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. The Electronic Systems segment is involved in the design, production, and commercialization of electronic components, as well as sports timing activities.

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