Swatch Group AG (OTCMKTS:SWGAY) Sees Significant Increase in Short Interest

Swatch Group AG (OTCMKTS:SWGAY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 39,358 shares, an increase of 222.8% from the November 30th total of 12,191 shares. Based on an average trading volume of 108,457 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 108,457 shares, the short-interest ratio is presently 0.4 days.

Swatch Group Trading Down 0.2%

Shares of Swatch Group stock opened at $10.63 on Friday. Swatch Group has a twelve month low of $7.26 and a twelve month high of $11.18. The business’s 50 day simple moving average is $10.50 and its 200-day simple moving average is $9.47.

Swatch Group Company Profile

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.