Swatch Group AG (OTCMKTS:SWGAY) Sees Large Decline in Short Interest

Key Points

• Swatch Group AG experienced a significant reduction in short interest in August, decreasing by 37.8% to a total of 54,000 shares.
• The current short-interest ratio is 0.2 days, indicating a very low percentage of the company's stock is being short sold.
• As of August 31st, SWGAY stock opened at $9.35, with a 12-month low of $7.26 and a high of $11.19.

Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 54,000 shares, a decrease of 37.8% from the August 15th total of 86,800 shares. Based on an average daily volume of 303,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 303,700 shares, the short-interest ratio is presently 0.2 days.

Swatch Group Stock Up 0.7%

Shares of OTCMKTS:SWGAY traded up $0.06 during trading on Friday, hitting $9.42. 16,837 shares of the company's stock were exchanged, compared to its average volume of 146,419. The firm has a 50-day moving average price of $8.96 and a two-hundred day moving average price of $8.66. Swatch Group has a 1-year low of $7.26 and a 1-year high of $11.19.

About Swatch Group

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. The company operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry.