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

Key Points

• Swire Pacific Ltd. experienced a significant increase in short interest, rising by 700% in September to a total of 4,800 shares as of September 30th.
• The firm declared a $0.1463 dividend, with a remarkable yield of 462%, set to be paid to shareholders on October 20th.
• Zacks Research downgraded the stock from a "hold" rating to a "strong sell" rating, contributing to a consensus rating of "Sell" among analysts.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,800 shares, a growth of 700.0% from the September 15th total of 600 shares. Based on an average daily volume of 78,300 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 78,300 shares, the short-interest ratio is currently 0.1 days.

Swire Pacific Stock Performance

OTCMKTS:SWRAY opened at $8.25 on Friday. The company has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $8.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.02. Swire Pacific has a 52 week low of $7.77 and a 52 week high of $9.63.

Swire Pacific Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, September 12th will be paid a $0.1463 dividend. The ex-dividend date is Thursday, September 11th. This represents a dividend yield of 462.0%.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Swire Pacific from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

About Swire Pacific

Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, rest of Asia, the United States, and internationally. The company's Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, and other luxury residential accommodations; and trading portfolio consists of residential properties.

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