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Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Declines By 29.3%

The Swatch Group logo with Consumer Staples background

The Swatch Group AG (OTCMKTS:SWGAY - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 14,700 shares, a drop of 29.3% from the March 15th total of 20,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 202,500 shares, the days-to-cover ratio is currently 0.1 days.

The Swatch Group Trading Up 3.8 %

SWGAY stock traded up $0.31 during mid-day trading on Wednesday, hitting $8.40. 279,691 shares of the stock were exchanged, compared to its average volume of 174,936. The Swatch Group has a 12 month low of $7.26 and a 12 month high of $11.19. The business has a fifty day moving average price of $8.85 and a 200 day moving average price of $9.18.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on The Swatch Group

About The Swatch Group

(Get Free Report)

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.

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