Fossil Group, Inc. (NASDAQ:FOSL) Short Interest Update

Fossil Group, Inc. (NASDAQ:FOSL) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,710,000 shares, a growth of 5.6% from the December 31st total of 1,620,000 shares. Based on an average daily volume of 961,900 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Fossil Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In related news, CEO Franco Fogliato acquired 111,175 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $1.37 per share, for a total transaction of $152,309.75. Following the purchase, the chief executive officer now directly owns 1,611,175 shares of the company’s stock, valued at $2,207,309.75. This trade represents a 7.41 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Fossil Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Fossil Group in the second quarter valued at approximately $28,000. LVW Advisors LLC purchased a new position in shares of Fossil Group in the fourth quarter valued at approximately $100,000. XTX Topco Ltd purchased a new position in Fossil Group during the third quarter worth approximately $48,000. Finally, RBF Capital LLC lifted its position in Fossil Group by 12.7% during the third quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after buying an additional 32,580 shares in the last quarter. 61.14% of the stock is owned by institutional investors and hedge funds.

Fossil Group Trading Down 0.6 %

Shares of NASDAQ:FOSL opened at $1.67 on Monday. Fossil Group has a 52-week low of $0.75 and a 52-week high of $2.61. The stock has a market cap of $88.83 million, a price-to-earnings ratio of -0.72 and a beta of 2.20. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $1.80 and a 200-day moving average price of $1.39.

Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Thursday, November 7th. The accessories brand company reported ($0.51) earnings per share (EPS) for the quarter. Fossil Group had a negative return on equity of 40.95% and a negative net margin of 10.07%. The firm had revenue of $287.80 million during the quarter.

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.