Swire Pacific Limited (OTCMKTS:SWRAY) Sees Significant Decline in Short Interest

Swire Pacific Limited (OTCMKTS:SWRAYGet Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 72,900 shares, a decline of 63.8% from the December 31st total of 201,600 shares. Based on an average daily trading volume, of 113,500 shares, the days-to-cover ratio is presently 0.6 days.

Swire Pacific Stock Performance

Shares of SWRAY stock traded down $0.14 during trading hours on Friday, hitting $8.73. 23,548 shares of the company’s stock were exchanged, compared to its average volume of 42,419. The firm has a 50 day moving average of $8.83 and a two-hundred day moving average of $8.56. Swire Pacific has a fifty-two week low of $7.49 and a fifty-two week high of $9.46. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.20.

About Swire Pacific

(Get Free Report)

Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, and other luxury residential accommodations; and trading portfolio consists of residential properties.

Further Reading

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