Short Interest in Swire Pacific Limited (OTCMKTS:SWRAY) Rises By 67.4%

Swire Pacific Limited (OTCMKTS:SWRAY – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 29,800 shares, an increase of 67.4% from the April 30th total of 17,800 shares. Based on an average daily volume of 56,500 shares, the days-to-cover ratio is presently 0.5 days.

Swire Pacific Stock Performance

Shares of OTCMKTS SWRAY traded up $0.04 during trading hours on Friday, hitting $6.79. 51,847 shares of the company traded hands, compared to its average volume of 34,627. The company’s 50 day moving average price is $7.50 and its 200 day moving average price is $8.03. Swire Pacific has a 12 month low of $5.38 and a 12 month high of $9.40.

Swire Pacific Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 15th. Stockholders of record on Wednesday, April 12th were given a dividend of $0.2157 per share. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a dividend yield of 4.51%. This is an increase from Swire Pacific’s previous dividend of $0.13.

Swire Pacific Company Profile

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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, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.