Swire Pacific Ltd. (OTCMKTS:SWRAY) Short Interest Down 96.8% in September

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 600 shares, a decline of 96.8% from the August 31st total of 18,500 shares. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is presently 0.0 days.

Swire Pacific Stock Performance

Shares of SWRAY opened at $8.44 on Thursday. Swire Pacific has a 12 month low of $7.77 and a 12 month high of $9.63. The firm has a fifty day simple moving average of $8.79 and a 200 day simple moving average of $8.68. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Swire Pacific from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Swire Pacific presently 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.