Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 42,343 shares, a decline of 39.7% from the February 26th total of 70,269 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 238,235 shares, the short-interest ratio is presently 0.2 days.

Swatch Group Trading Down 1.7%

Shares of Swatch Group stock opened at $10.79 on Friday. Swatch Group has a 12-month low of $7.26 and a 12-month high of $13.10. The firm’s 50-day moving average price is $11.56 and its two-hundred day moving average price is $10.72.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating on shares of Swatch Group in a research note on Friday, February 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock 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.