Short Interest in The Swatch Group AG (OTCMKTS:SWGAY) Grows By 156.1%

The Swatch Group AG (OTCMKTS:SWGAY) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 39,700 shares, an increase of 156.1% from the March 31st total of 15,500 shares. Based on an average trading volume of 219,100 shares, the days-to-cover ratio is currently 0.2 days.

The Swatch Group Stock Performance

Shares of OTCMKTS:SWGAY remained flat at $10.64 during midday trading on Friday. The company had a trading volume of 108,916 shares, compared to its average volume of 155,847. The company’s fifty day moving average is $11.43 and its 200 day moving average is $12.27. The Swatch Group has a twelve month low of $10.38 and a twelve month high of $17.29.

The Swatch Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.2039 per share. The ex-dividend date is Monday, May 13th. This is an increase 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.