Swire Pacific Limited (OTCMKTS:SWRAY) Short Interest Update

Swire Pacific Limited (OTCMKTS:SWRAY - Get Free Report) experienced a considerable surge in short interest throughout October. As of October 15th, the short interest totaled 40,900 shares, marking an impressive increase of 873.8% from the 4,200 shares recorded at the end of September. Given the average trading volume of 43,900 shares, this results in a days-to-cover ratio of 0.9 days.

Swire Pacific Stock Performance

On Friday, shares of OTCMKTS SWRAY rose by 0.8%, adding $0.07 to reach a new price of $8.32. During the trading session, a total of 9,921 shares changed hands, which is below the average volume of 25,608 shares. The company maintains a debt-to-equity ratio of 0.20, along with a quick ratio of 0.81 and a current ratio of 0.94. As of now, Swire Pacific's 50-day moving average price stands at $8.27, while the 200-day moving average price is $8.54. Within the last year, the stock has seen a low of $6.20 and a high of $9.46.

Dividend Announcement

The company has also recently announced a dividend payment, which was distributed to shareholders on October 21st. Shareholders who were on record as of September 12th received a dividend of $0.1412 per share. The ex-dividend date for this distribution was the same date.

Company Overview

Swire Pacific Limited operates across various sectors, including property, aviation, beverages, marine, and trading and industrial operations, primarily in Hong Kong, Mainland China, and other areas in Asia, as well as the United States and globally. Its property segment focuses on the development, ownership, and management of mixed-use real estate, which includes office and retail spaces, serviced apartments, and high-end residential units. Furthermore, the trading portfolio consists largely of residential properties.

Investment Considerations

Before investing in Swire Pacific, it is crucial to review the views of top-rated analysts. While the company holds a current "hold" rating, analysts suggest that there are potentially better investment options available at this time.

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