Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 48,011 shares, a growth of 395.5% from the May 31st total of 9,690 shares. Based on an average trading volume of 170,982 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.
Swatch Group Price Performance
Shares of SWGAY traded down $0.23 during midday trading on Friday, hitting $12.42. The company had a trading volume of 60,912 shares, compared to its average volume of 74,149. The company’s 50 day moving average price is $12.66 and its 200 day moving average price is $11.72. Swatch Group has a 52 week low of $7.98 and a 52 week high of $13.97.
Analyst Upgrades and Downgrades
SWGAY has been the subject of a number of recent research reports. Zacks Research upgraded Swatch Group to a “hold” rating in a research note on Friday, May 8th. Sanford C. Bernstein lowered shares of Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.
Swatch Group Company Profile
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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