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

The Swatch Group AG (OTCMKTS:SWGNF) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,300 shares, a decline of 74.0% from the March 15th total of 5,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 13.0 days.

The Swatch Group Price Performance

Shares of SWGNF stock remained flat at $43.33 during mid-day trading on Friday. The business has a 50-day moving average of $44.90 and a two-hundred day moving average of $47.56. The Swatch Group has a 12-month low of $43.33 and a 12-month high of $62.80.

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.