The Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 21,500 shares, a drop of 78.1% from the May 31st total of 98,100 shares. Based on an average daily trading volume, of 200,000 shares, the days-to-cover ratio is currently 0.1 days.
The Swatch Group Stock Performance
The Swatch Group stock opened at $10.37 on Friday. The firm’s 50-day moving average is $10.60 and its 200-day moving average is $11.55. The Swatch Group has a 1 year low of $10.24 and a 1 year high of $16.90.
The Swatch Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 14th were issued a $0.2039 dividend. The ex-dividend date was Monday, May 13th. This is a boost from The Swatch Group’s previous dividend of $0.19.
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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