The Swatch Group AG (OTCMKTS:SWGAY) Short Interest Down 25.6% in November

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 14,800 shares, a drop of 25.6% from the October 31st total of 19,900 shares. Based on an average daily volume of 423,700 shares, the short-interest ratio is presently 0.0 days.

The Swatch Group Stock Performance

OTCMKTS:SWGAY remained flat at $9.07 on Friday. The company’s stock had a trading volume of 84,783 shares, compared to its average volume of 190,970. The business has a 50-day moving average price of $9.86 and a 200-day moving average price of $10.11. The Swatch Group has a fifty-two week low of $8.73 and a fifty-two week high of $13.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SWGAY shares. Berenberg Bank upgraded The Swatch Group to a “strong sell” rating in a report on Wednesday, October 30th. Jefferies Financial Group downgraded shares of The Swatch Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. Finally, UBS Group raised shares of The Swatch Group to a “strong sell” rating in a research report on Monday, September 23rd.

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.