Short Interest in Swire Properties Limited (OTCMKTS:SWPFF) Grows By 99.5%

Swire Properties Limited (OTCMKTS:SWPFF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,018,800 shares, an increase of 99.5% from the February 29th total of 510,700 shares. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is currently 164.3 days.

Swire Properties Stock Performance

Shares of SWPFF remained flat at $2.07 during trading hours on Thursday. Swire Properties has a 12-month low of $1.87 and a 12-month high of $2.72. The firm’s 50-day moving average is $1.98 and its 200 day moving average is $2.00.

About Swire Properties

Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally. It operates through three divisions: Property Investment, Property Trading, and Hotels. The company engages in the development, leasing, and management of commercial, retail, and residential properties; development, construction, and sale of residential apartments; and operation of hotels.