Swire Pacific Ltd. (OTCMKTS:SWRAY) Shares Shorted: Short Interest Up 83.9% in October

Swire Pacific Ltd. (OTCMKTS:SWRAY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 33,600 shares, an increase of 83.9% from the September 30th total of 18,274 shares. Based on an average daily trading volume, of 53,819 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Swire Pacific Price Performance

Shares of OTCMKTS:SWRAY opened at $13.60 on Friday. The business has a 50-day simple moving average of $13.25 and a two-hundred day simple moving average of $11.51. Swire Pacific has a fifty-two week low of $7.77 and a fifty-two week high of $14.28.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Swire Pacific Company Profile

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, and aviation. The company is part of the wider Swire group, whose business roots date to the early 19th century, and has developed into a major operator and investor in Asia.

Through Swire Properties, the group develops, owns and manages commercial, retail, residential and hotel properties, with a significant presence in Hong Kong and growing operations in selected mainland Chinese cities and other Asian markets.