Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Up 40.9% in March

Fossil Group, Inc. (NASDAQ:FOSL - Get Free Report) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,650,000 shares, an increase of 40.9% from the February 29th total of 4,720,000 shares. Currently, 14.2% of the shares of the company are short sold. Based on an average daily trading volume, of 736,300 shares, the days-to-cover ratio is currently 9.0 days.

Hedge Funds Weigh In On Fossil Group

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Fossil Group in the 4th quarter valued at about $69,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Fossil Group by 60.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,388 shares of the accessories brand company's stock valued at $74,000 after purchasing an additional 18,900 shares in the last quarter. Barclays PLC increased its holdings in shares of Fossil Group by 211.9% in the 4th quarter. Barclays PLC now owns 165,366 shares of the accessories brand company's stock valued at $241,000 after purchasing an additional 112,344 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Fossil Group by 49.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 209,000 shares of the accessories brand company's stock valued at $305,000 after purchasing an additional 69,000 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Fossil Group by 98.2% in the 4th quarter. Hsbc Holdings PLC now owns 20,678 shares of the accessories brand company's stock valued at $30,000 after acquiring an additional 10,246 shares during the last quarter. Hedge funds and other institutional investors own 61.14% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Fossil Group from a "sell" rating to a "hold" rating in a research report on Friday, February 2nd.

Fossil Group Stock Performance

Fossil Group stock traded up $0.05 during trading hours on Friday, reaching $1.02. 437,040 shares of the stock were exchanged, compared to its average volume of 1,269,482. The firm's 50 day moving average is $1.04 and its 200 day moving average is $1.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 2.08. The stock has a market cap of $53.54 million, a P/E ratio of -0.34 and a beta of 2.04. Fossil Group has a 52-week low of $0.78 and a 52-week high of $3.65.

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.

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