Swire Pacific Ltd. (OTCMKTS:SWRAY) Short Interest Update

Swire Pacific Ltd. (OTCMKTS:SWRAY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 45,338 shares, an increase of 781.9% from the August 31st total of 5,141 shares. Based on an average daily volume of 39,107 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Swire Pacific Stock Performance

Shares of Swire Pacific stock traded up $0.13 during trading hours on Thursday, hitting $13.22. The company’s stock had a trading volume of 32,905 shares, compared to its average volume of 26,472. The business has a fifty day moving average of $12.94 and a 200 day moving average of $11.61. Swire Pacific has a 1-year low of $7.77 and a 1-year high of $14.28. 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 Company Profile

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.