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

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

Analysts Set New Price Targets

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

The Swatch Group Price Performance

OTCMKTS SWGAY traded up $0.01 on Wednesday, reaching $8.56. The company had a trading volume of 137,769 shares, compared to its average volume of 172,421. The company's fifty day moving average is $8.77 and its 200-day moving average is $9.11. The Swatch Group has a 1-year low of $7.26 and a 1-year high of $11.19.

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.