Short Interest in Swire Pacific Ltd. (OTCMKTS:SWRAY) Declines By 54.2%
by Danessa Lincoln · The Markets DailySwire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,662 shares, a decline of 54.2% from the July 30th total of 49,505 shares. Based on an average daily volume of 37,812 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.
Institutional Trading of Swire Pacific
An institutional investor recently bought a new stake in Swire Pacific stock. Great Lakes Advisors LLC acquired a new stake in shares of Swire Pacific Ltd. (OTCMKTS:SWRAY – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,753 shares of the conglomerate’s stock, valued at approximately $490,000.
Swire Pacific Trading Down 0.2%
Shares of SWRAY opened at $13.43 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 0.98. The business has a 50-day simple moving average of $11.96 and a two-hundred day simple moving average of $11.21. Swire Pacific has a 52 week low of $7.77 and a 52 week high of $13.76.
About Swire Pacific
Swire Pacific Limited is a Hong Kong–based diversified conglomerate and the publicly listed Asian arm of the long-established Swire Group. The company operates across multiple business segments, with major activities in property development and investment, aviation-related interests, beverages and cold‑chain distribution, marine and trading & industrial services. Its property arm is responsible for large-scale commercial and mixed‑use developments and investment portfolios in Hong Kong, Mainland China and selected international markets.
In aviation, Swire Pacific is a long‑standing shareholder in one of the region’s principal carriers and supports aviation‑related operations and services.