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

Swatch Group AG (OTCMKTS:SWGAY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 51,307 shares, an increase of 156.9% from the December 31st total of 19,972 shares. Based on an average trading volume of 138,827 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 138,827 shares, the short-interest ratio is presently 0.4 days.

Swatch Group Stock Performance

Shares of SWGAY stock opened at $10.79 on Thursday. Swatch Group has a 1 year low of $7.26 and a 1 year high of $11.26. The stock’s 50 day simple moving average is $10.53 and its two-hundred day simple moving average is $9.90.

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.