Swire Pacific Ltd. (OTCMKTS:SWRAY) Sees Large Increase in Short Interest

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 10,604 shares, a growth of 103.5% from the May 31st total of 5,211 shares. Based on an average daily volume of 55,533 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Swire Pacific Trading Up 0.4%

Swire Pacific stock opened at $10.51 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $10.82 and its two-hundred day moving average price is $10.21. Swire Pacific has a twelve month low of $7.77 and a twelve month high of $12.09.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Swire Pacific from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Swire Pacific has an average rating of “Hold”.

About Swire Pacific

Swire Pacific Limited is a Hong Kong–based diversified conglomerate and the publicly listed Asian arm of the long-established Swire Group. The company operates across multiple business segments, with major activities in property development and investment, aviation-related interests, beverages and cold?chain distribution, marine and trading & industrial services. Its property arm is responsible for large-scale commercial and mixed?use developments and investment portfolios in Hong Kong, Mainland China and selected international markets.

In aviation, Swire Pacific is a long?standing shareholder in one of the region’s principal carriers and supports aviation?related operations and services.