The Swatch Group AG (OTCMKTS:SWGNF) Sees Significant Growth in Short Interest

The Swatch Group AG (OTCMKTS:SWGNF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 7,100 shares, a growth of 20.3% from the June 30th total of 5,900 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is currently 2.2 days.

The Swatch Group Stock Performance

The Swatch Group stock remained flat at $41.94 during midday trading on Friday. The Swatch Group has a twelve month low of $40.73 and a twelve month high of $52.64. The business’s 50 day simple moving average is $41.41 and its 200-day simple moving average is $43.51.

About The 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.