Swire Pacific Ltd. (OTCMKTS:SWRAY) Shares Shorted: Short Interest Down 59.7% in September

Swire Pacific Ltd. (OTCMKTS:SWRAY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 18,274 shares, a drop of 59.7% from the September 15th total of 45,338 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 54,271 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

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

Swire Pacific Stock Performance

Shares of SWRAY opened at $12.94 on Thursday. The company’s 50-day moving average price is $13.18 and its 200 day moving average price is $11.81. Swire Pacific has a 12-month low of $7.77 and a 12-month high of $14.28.

Swire Pacific Company Profile

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, aviation, marine services, and trading and industrial activities. The company is the listed parent of a range of businesses associated with the Swire Group and serves customers and commercial partners across Asia and selected international markets.

Its property division, Swire Properties, develops, owns and manages premium commercial, retail and residential projects, particularly in Hong Kong and mainland China.