Swire Pacific Ltd. (OTCMKTS:SWRAY) Shares Shorted: Short Interest Up 781.9% in September

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 45,338 shares, an increase of 781.9% from the August 31st total of 5,141 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 39,107 shares, the days-to-cover ratio is currently 1.2 days.

Swire Pacific Trading Down 1.4%

OTCMKTS:SWRAY opened at $13.04 on Friday. Swire Pacific has a twelve month low of $7.77 and a twelve month high of $14.28. The company’s 50 day moving average is $12.97 and its two-hundred day moving average is $11.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.84.

Wall Street Analysts Forecast Growth

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

Swire Pacific Company Profile

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.