What’s in Movado Group Inc (NYSE:MOV) After Rise in Shorted Shares?

Investors sentiment decreased to 1.33 in Q4 2018. Its down 0.39, from 1.72 in 2018Q3. It turned negative, as 26 investors sold Movado Group, Inc. shares while 44 reduced holdings. 25 funds opened positions while 68 raised stakes. 15.68 million shares or 0.33% less from 15.74 million shares in 2018Q3 were reported.
Renaissance Technologies Limited Liability Corp has invested 0.01% in Movado Group, Inc. (NYSE:MOV). Federated Investors Pa holds 0% or 46,331 shares in its portfolio. Gamco Invsts Incorporated Et Al invested 0.02% in Movado Group, Inc. (NYSE:MOV). 28,600 are owned by Spark Invest Mgmt Ltd Limited Liability Company. Legal And General Group Public Limited Co accumulated 35,141 shares or 0% of the stock. Arizona-based Arizona State Retirement Systems has invested 0.01% in Movado Group, Inc. (NYSE:MOV). Tower Research Lc (Trc) stated it has 4,311 shares or 0.01% of all its holdings. State Of Alaska Department Of Revenue has 5,515 shares. Bbt Capital Mgmt Ltd Com has invested 0.23% in Movado Group, Inc. (NYSE:MOV). Stone Ridge Asset Mgmt Ltd Liability Co reported 0.05% of its portfolio in Movado Group, Inc. (NYSE:MOV). Moreover, Mutual Of America Capital Management Ltd Llc has 0% invested in Movado Group, Inc. (NYSE:MOV) for 411 shares. Los Angeles Capital Mngmt Equity Research Incorporated invested 0% of its portfolio in Movado Group, Inc. (NYSE:MOV). 15,866 were accumulated by Seizert Prtn Limited Liability Corporation. Oberweis Asset holds 86,292 shares or 0.61% of its portfolio. Voya Inv Ltd, Georgia-based fund reported 26,548 shares.

Since September 20, 2018, it had 0 insider buys, and 1 sale for $161,346 activity.

The stock of Movado Group Inc (NYSE:MOV) registered an increase of 3.79% in short interest. MOV’s total short interest was 1.05 million shares in March as published by FINRA. Its up 3.79% from 1.01M shares, reported previously. With 177,500 shares average volume, it will take short sellers 6 days to cover their MOV’s short positions. The short interest to Movado Group Inc’s float is 6.59%.

The stock decreased 2.52% or $0.87 during the last trading session, reaching $33.71. About 306,957 shares traded or 73.31% up from the average. Movado Group, Inc. (NYSE:MOV) has risen 14.66% since March 17, 2018 and is uptrending. It has outperformed by 10.29% the S&P500.

Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company has market cap of $778.56 million. The firm operates in two divisions, Wholesale and Retail. It has a 76.09 P/E ratio. The firm offers its watches under the Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands.

More notable recent Movado Group, Inc. (NYSE:MOV) news were published by: Fool.com which released: “Movado Group’s Latest Strong Quarter Just Wasn’t Enough – The Motley Fool” on August 29, 2018, also Fool.com with their article: “Should You Chase Movado Group’s Post-Earnings Rally? – Motley Fool” published on December 06, 2018, Globenewswire.com published: “Factors of Influence in 2019, Key Indicators and Opportunity within Procter & Gamble, Hertz Global, NN, Omnicell, BioDelivery Sciences International, and Movado Group — New Research Emphasizes Economic Growth – GlobeNewswire” on February 19, 2019. More interesting news about Movado Group, Inc. (NYSE:MOV) were released by: Benzinga.com and their article: “Earnings Scheduled For December 4, 2018 – Benzinga” published on December 04, 2018 as well as Fool.com‘s news article titled: “Don’t Be Fooled by Movado’s Post-Earnings Decline – The Motley Fool” with publication date: December 15, 2018.

Movado Group, Inc. (NYSE:MOV) Institutional Positions Chart

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