Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 290.2% in March

Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 165,238 shares, an increase of 290.2% from the March 15th total of 42,343 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 232,188 shares, the short-interest ratio is currently 0.7 days.

Swatch Group Stock Up 1.1%

OTCMKTS SWGAY opened at $11.81 on Friday. The company has a fifty day simple moving average of $11.65 and a two-hundred day simple moving average of $10.85. Swatch Group has a 12-month low of $7.89 and a 12-month high of $13.10.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “neutral” rating on shares of Swatch Group in a report on Friday, February 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company 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.