Short Interest in Swire Pacific Ltd. (OTCMKTS:SWRAY) Decreases By 77.3%

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 5,141 shares, a drop of 77.3% from the August 15th total of 22,662 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,293 shares, the short-interest ratio is currently 0.3 days.

Swire Pacific Price Performance

SWRAY stock opened at $13.33 on Friday. The stock’s 50 day moving average is $12.57 and its two-hundred day moving average is $11.44. Swire Pacific has a 52-week low of $7.77 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 0.98.

Analyst Upgrades and Downgrades

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

About Swire Pacific

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.