Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Down 14.4% in April

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,780,000 shares, a decrease of 14.4% from the March 31st total of 2,080,000 shares. Approximately 3.8% of the company's shares are short sold. Based on an average daily volume of 358,000 shares, the short-interest ratio is currently 5.0 days.

Hedge Funds Weigh In On Fossil Group

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in Fossil Group in the 4th quarter worth $29,000. Raymond James Financial Inc. acquired a new stake in Fossil Group in the 4th quarter valued at about $35,000. American Century Companies Inc. acquired a new position in shares of Fossil Group during the 4th quarter worth approximately $47,000. Walleye Capital LLC acquired a new position in shares of Fossil Group during the 4th quarter valued at about $54,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Fossil Group in the fourth quarter valued at about $63,000. Hedge funds and other institutional investors own 61.14% of the company's stock.

Fossil Group Stock Performance

Fossil Group stock traded down $0.01 during trading on Thursday, reaching $1.25. The company had a trading volume of 73,468 shares, compared to its average volume of 576,666. Fossil Group has a 52 week low of $0.86 and a 52 week high of $2.61. The company has a current ratio of 1.81, a quick ratio of 1.10 and a debt-to-equity ratio of 1.07. The firm's 50-day simple moving average is $1.14 and its 200 day simple moving average is $1.45. The firm has a market capitalization of $66.75 million, a price-to-earnings ratio of -0.53 and a beta of 2.23.

Fossil Group (NASDAQ:FOSL - Get Free Report) last posted its earnings results on Wednesday, March 12th. The accessories brand company reported $0.39 earnings per share for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%. The company had revenue of $342.30 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Fossil Group from a "buy" rating to a "hold" rating in a research note on Tuesday.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.