Swire Pacific Ltd. (OTCMKTS:SWRAY) Sees Large Decrease in Short Interest

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 18,274 shares, a decline of 59.7% from the September 15th total of 45,338 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 54,271 shares, the short-interest ratio is presently 0.3 days.

Swire Pacific Trading Up 1.8%

Shares of Swire Pacific stock opened at $13.30 on Wednesday. Swire Pacific has a 52-week low of $7.77 and a 52-week high of $14.28. The company’s 50-day simple moving average is $13.17 and its 200-day simple moving average is $11.80.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Swire Pacific from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Swire Pacific Company Profile

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, aviation, marine services, and trading and industrial activities. The company is the listed parent of a range of businesses associated with the Swire Group and serves customers and commercial partners across Asia and selected international markets.

Its property division, Swire Properties, develops, owns and manages premium commercial, retail and residential projects, particularly in Hong Kong and mainland China.