Swire Properties Limited (OTCMKTS:SWPFF) Short Interest Up 73.9% in August

Swire Properties Limited (OTCMKTS:SWPFFGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 484,324 shares, an increase of 73.9% from the August 15th total of 278,557 shares. Based on an average daily trading volume, of 2,750 shares, the days-to-cover ratio is presently 176.1 days.

Swire Properties Price Performance

Shares of OTCMKTS SWPFF traded down $0.19 during trading hours on Thursday, reaching $3.03. 4,171 shares of the stock were exchanged, compared to its average volume of 3,242. Swire Properties has a 52 week low of $2.60 and a 52 week high of $3.35. The stock’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $3.00.

About Swire Properties

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Swire Properties is a Hong Kong–based property developer and investor, operating as a subsidiary of Swire Pacific. The company focuses on the development, investment and management of mixed-use property portfolios, encompassing office towers, shopping malls, residential complexes and hotels. With a strategic emphasis on creating vibrant urban centres, Swire Properties combines long-term investment horizons with design-led development to deliver high-quality spaces for businesses, retailers and residents.

In its home market, Swire Properties owns and manages landmark projects such as Pacific Place, Taikoo Place and Citygate.

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