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Swire Pacific Ltd. (OTCMKTS:SWRAY) Short Interest Down 79.2% in August

Swire Pacific logo with Multi-Sector Conglomerates background

Key Points

  • Swire Pacific Ltd. experienced a significant 79.2% decrease in short interest in August, with total short interest dropping to 14,400 shares from 69,100 shares.
  • The company's shares were up 0.6% on the trading day with stock prices opening at $8.66.
  • Swire Pacific has a diversified portfolio that includes property development, aviation, beverages, marine, and trading sectors across multiple regions including Hong Kong and the United States.
  • MarketBeat previews the top five stocks to own by October 1st.

Swire Pacific Ltd. (OTCMKTS:SWRAY - Get Free Report) saw a large decline in short interest in August. As of August 15th, there was short interest totaling 14,400 shares, adeclineof79.2% from the July 31st total of 69,100 shares. Based on an average daily volume of 76,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 76,200 shares, the short-interest ratio is presently 0.2 days.

Swire Pacific Stock Up 1.1%

OTCMKTS SWRAY traded up $0.09 during trading hours on Friday, reaching $8.65. The company's stock had a trading volume of 26,663 shares, compared to its average volume of 24,207. The firm's 50-day moving average price is $8.88 and its 200-day moving average price is $8.68. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. Swire Pacific has a 1 year low of $7.69 and a 1 year high of $9.63.

Swire Pacific Dividend Announcement

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

About Swire Pacific

(Get Free Report)

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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