The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 15,800 shares, a decline of 78.6% from the January 31st total of 74,000 shares. Based on an average trading volume of 125,200 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada lowered shares of The Swatch Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 9th.
Read Our Latest Stock Analysis on SWGAY
The Swatch Group Price Performance
About The Swatch Group
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.
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