Swatch Group AG (OTCMKTS:SWGAY) Short Interest Up 25.4% in February

Swatch Group AG (OTCMKTS:SWGAY) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 71,301 shares, a growth of 25.4% from the January 29th total of 56,873 shares. Based on an average daily volume of 222,747 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 222,747 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

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

Swatch Group Price Performance

Shares of OTCMKTS:SWGAY opened at $11.52 on Wednesday. Swatch Group has a 12 month low of $7.26 and a 12 month high of $13.10. The business’s 50 day simple moving average is $11.52 and its 200-day simple moving average is $10.51.

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.