Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Down 7.1% in August

Fossil Group, Inc. (NASDAQ:FOSL) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,820,000 shares, a decrease of 7.1% from the August 15th total of 1,960,000 shares. Based on an average trading volume of 505,200 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.8% of the company’s stock are sold short.

Fossil Group Stock Up 5.8 %

Shares of NASDAQ FOSL traded up $0.06 during midday trading on Wednesday, hitting $1.10. 212,426 shares of the company’s stock were exchanged, compared to its average volume of 596,529. The firm’s fifty day simple moving average is $1.17 and its 200-day simple moving average is $1.13. The company has a market cap of $58.23 million, a PE ratio of -0.39 and a beta of 2.19. Fossil Group has a twelve month low of $0.75 and a twelve month high of $2.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.94 and a quick ratio of 1.22.

Fossil Group (NASDAQ:FOSL) last released its quarterly earnings data on Thursday, August 8th. The accessories brand company reported ($0.47) earnings per share for the quarter. Fossil Group had a negative return on equity of 45.04% and a negative net margin of 11.90%. The company had revenue of $260.00 million for the quarter.

Institutional Investors Weigh In On Fossil Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOSL. AQR Capital Management LLC acquired a new position in Fossil Group in the 2nd quarter valued at about $28,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Fossil Group by 91.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after purchasing an additional 9,624 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Fossil Group by 97.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 99,488 shares of the accessories brand company’s stock valued at $102,000 after purchasing an additional 49,100 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fossil Group during the second quarter worth approximately $131,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Fossil Group by 3.3% during the first quarter. Acadian Asset Management LLC now owns 581,831 shares of the accessories brand company’s stock worth $592,000 after purchasing an additional 18,764 shares during the period. Hedge funds and other institutional investors own 61.14% of the company’s stock.

Fossil Group Company Profile

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company's products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.