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

Key Points

• Swire Pacific Ltd. experienced a dramatic increase in short interest, rising by 3,700% to a total of 15,200 shares as of July 15th, compared to just 400 shares at the end of June.
• The company's stock is currently trading at $8.99, with a one-year range between $7.69 and $9.63, and an average trading volume of 46,500 shares.
• Swire Pacific operates in various sectors including property, aviation, and beverages, with a significant presence in Hong Kong and Mainland China.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 15,200 shares, agrowthof3,700.0% from the June 30th total of 400 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is currently 0.3 days.

Swire Pacific Stock Performance

Shares of OTCMKTS:SWRAY traded down $0.06 during midday trading on Tuesday, hitting $9.05. 7,182 shares of the company's stock traded hands, compared to its average volume of 37,721. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.06. The firm's fifty day moving average price is $8.76 and its two-hundred day moving average price is $8.65. Swire Pacific has a twelve month low of $7.69 and a twelve month high of $9.63.

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.