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

Swire Pacific Limited (OTCMKTS:SWRAY - Get Free Report) experienced a notable rise in short interest during October. By October 15th, the total short interest reached 40,900 shares, marking an extraordinary increase of 873.8% compared to the 4,200 shares recorded on September 30th. Given the average trading volume of 43,900 shares, the current days-to-cover ratio stands at 0.9 days.

Recent Stock Performance

On Friday, OTCMKTS SWRAY saw a gain of 0.8%, rising by $0.07 to a price of $8.32. A total of 9,921 shares were traded, which is below the average volume of 25,608 shares. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.81, and a current ratio of 0.94. The stock's 50-day moving average price is recorded at $8.27, while the 200-day moving average price is $8.54. In the last year, Swire Pacific's stock has seen a low of $6.20 and a high of $9.46.

Dividend Announcement

Furthermore, the company recently announced a dividend, which was distributed on October 21st. Shareholders who were recorded on September 12th received a dividend payment of $0.1412. The ex-dividend date for this payout was also September 12th.

About Swire Pacific

Swire Pacific Limited engages in a diverse range of businesses, including property, aviation, beverages, marine, and trading and industrial sectors, primarily in Hong Kong, Mainland China, and other regions. The company’s Property division focuses on the development, ownership, and operation of mixed-use properties. This includes an investment portfolio that features office and retail spaces, serviced apartments, and various luxury residential facilities, along with a trading portfolio consisting largely of residential properties.

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This news brief was created using advanced narrative technology and financial data for accurate and timely reporting. It underwent review by a dedicated editorial team before being published.

Investor Considerations for Swire Pacific

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