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

The Swatch Group AG (OTCMKTS:SWGNF) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 20,800 shares, a decline of 26.2% from the May 31st total of 28,200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 41.6 days.

The Swatch Group Price Performance

Shares of OTCMKTS SWGNF remained flat at $40.90 during midday trading on Monday. The company’s 50-day simple moving average is $41.47 and its two-hundred day simple moving average is $44.50. The Swatch Group has a 52 week low of $40.80 and a 52 week high of $53.72.

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.