Swatch Group AG (OTCMKTS:SWGAY) Shares Shorted: Short Interest Down 45.9% in October

Swatch Group AG (OTCMKTS:SWGAY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 25,689 shares, a decrease of 45.9% from the September 30th total of 47,451 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 159,221 shares, the short-interest ratio is presently 0.2 days.

Swatch Group Stock Performance

OTCMKTS SWGAY opened at $10.95 on Friday. Swatch Group has a 12 month low of $9.85 and a 12 month high of $13.97. The company’s 50-day moving average price is $10.97 and its 200-day moving average price is $11.68.

Analyst Ratings Changes

Several brokerages have recently weighed in on SWGAY. Kepler Capital Markets upgraded Swatch Group from a “reduce” rating to a “buy” rating in a report on Wednesday, July 29th. The Goldman Sachs Group began coverage on Swatch Group in a report on Sunday, October 4th. They set a “sell” rating for the company. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Swatch Group Company Profile

Swatch Group AG is a Swiss watchmaking company headquartered in Biel/Bienne, Switzerland. It develops, manufactures and markets watches, watch movements, components and related systems, with activities spanning product design, production, distribution and retail.

The group’s brand portfolio covers a broad range of price segments and styles. Its brands include Swatch, Omega, Longines, Tissot, Rado, Mido, Hamilton, Certina, Breguet, Blancpain, Glashütte Original, Harry Winston, Union Glashütte and Flik Flak.