Swatch Group AG (OTCMKTS:SWGAY) Stock Short Interest Report for October

Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 628 shares, a decline of 97.6% from the October 15th total of 25,689 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 184,995 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SWGAY. Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group initiated coverage on Swatch Group in a report on Sunday, October 4th. They issued a “sell” rating for the company. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Swatch Group Stock Performance

Shares of Swatch Group stock traded up $0.19 on Tuesday, reaching $11.44. 44,699 shares of the company were exchanged, compared to its average volume of 100,708. The stock’s 50 day moving average price is $10.91 and its 200-day moving average price is $11.70. Swatch Group has a 1-year low of $9.97 and a 1-year high of $13.97.

Swatch Group Company Profile

The Swatch Group is a Swiss manufacturer and distributor of watches and related products. Its portfolio spans brands including Swatch, Tissot, Longines, Omega, Breguet, Blancpain, Rado, Hamilton and Glashütte Original, serving a range of markets from accessible watches to luxury timepieces. The company also develops and manufactures watch movements, components and other products used in watchmaking. Its activities include production, marketing and distribution, with operations and sales serving customers around the world.