Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 19,972 shares, a decline of 49.3% from the December 15th total of 39,358 shares. Based on an average daily volume of 95,109 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 95,109 shares, the days-to-cover ratio is currently 0.2 days.
Swatch Group Trading Up 3.3%
Shares of Swatch Group stock opened at $11.25 on Thursday. Swatch Group has a 1 year low of $7.26 and a 1 year high of $11.26. The company has a 50-day moving average of $10.53 and a 200 day moving average of $9.74.
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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