The Swatch Group AG (OTCMKTS:SWGNF) Sees Significant Drop in Short Interest

The Swatch Group AG (OTCMKTS:SWGNF) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 13,700 shares, a drop of 34.4% from the August 15th total of 20,900 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 137.0 days.

The Swatch Group Price Performance

SWGNF stock remained flat at $39.23 during mid-day trading on Friday. The company’s stock had a trading volume of 104 shares, compared to its average volume of 546. The firm’s 50 day simple moving average is $41.58 and its two-hundred day simple moving average is $42.33. The Swatch Group has a 52-week low of $39.23 and a 52-week high of $52.64.

The Swatch Group Company Profile

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.