Swire Pacific Limited (OTCMKTS:SWRAY) Sees Large Growth in Short Interest

Swire Pacific Limited (OTCMKTS:SWRAY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 40,900 shares, an increase of 873.8% from the September 30th total of 4,200 shares. Based on an average daily volume of 43,900 shares, the short-interest ratio is presently 0.9 days.

Swire Pacific Trading Up 0.8 %

Shares of SWRAY traded up $0.07 during midday trading on Friday, reaching $8.32. The stock had a trading volume of 9,921 shares, compared to its average volume of 25,608. The company’s fifty day simple moving average is $8.27 and its two-hundred day simple moving average is $8.54. Swire Pacific has a 1-year low of $6.20 and a 1-year high of $9.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.81.

Swire Pacific Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, October 21st. Shareholders of record on Thursday, September 12th were paid a $0.1412 dividend. The ex-dividend date of this dividend was Thursday, September 12th.

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.