Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 48,011 shares, a growth of 395.5% from the May 31st total of 9,690 shares. Based on an average daily volume of 170,982 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.
Swatch Group Stock Performance
Shares of SWGAY opened at $12.42 on Monday. Swatch Group has a 52 week low of $7.98 and a 52 week high of $13.97. The stock’s 50-day moving average price is $12.66 and its 200-day moving average price is $11.73.
Analyst Ratings Changes
Several equities analysts recently weighed in on SWGAY shares. Citigroup reiterated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Royal Bank Of Canada upgraded shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein lowered shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Swatch Group has a consensus 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.
Recommended Stories
- Five stocks we like better than Swatch Group
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Swatch Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swatch Group and related companies with MarketBeat.com's FREE daily email newsletter.
