The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Update

The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 99.3% from the March 31st total of 14,700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 758,500 shares, the short-interest ratio is currently 0.0 days.

The Swatch Group Stock Performance

Shares of SWGAY traded down $0.04 during trading hours on Thursday, hitting $8.52. The stock had a trading volume of 130,485 shares, compared to its average volume of 171,908. The firm has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $9.10. The Swatch Group has a 1-year low of $7.26 and a 1-year high of $11.19.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded shares of The Swatch Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 9th.

The Swatch Group Company Profile

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.