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

by · The Cerbat Gem

Swire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 45,338 shares, a growth of 781.9% from the August 31st total of 5,141 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 39,107 shares, the days-to-cover ratio is presently 1.2 days.

Swire Pacific Trading Up 1.0%

Shares of SWRAY stock traded up $0.13 during midday trading on Thursday, reaching $13.22. 32,905 shares of the company traded hands, compared to its average volume of 26,472. The firm’s 50 day simple moving average is $12.94 and its two-hundred day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.84. Swire Pacific has a 1-year low of $7.77 and a 1-year high of $14.28.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

View Our Latest Research Report on SWRAY

Swire Pacific Company Profile

(Get Free Report)

Swire Pacific Limited is a Hong Kong-based diversified investment company with roots in the Swire Group, whose business history dates back to the early 19th century. The company operates as a holding group with interests spanning property, beverages and food, aviation, marine services, and trading and industrial activities.

Its property business, conducted primarily through Swire Properties, develops, owns and manages commercial, retail, hotel and residential projects, particularly in Hong Kong and the Chinese mainland.

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