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.

Featured Stories

Receive News & Ratings for The Swatch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Swatch Group and related companies with MarketBeat.com's FREE daily email newsletter.