Swire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 5,211 shares, a decline of 92.2% from the May 14th total of 66,913 shares. Based on an average daily volume of 27,630 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Swire Pacific Stock Performance
Shares of OTCMKTS:SWRAY traded up $0.14 during trading on Tuesday, hitting $10.74. 27,076 shares of the company were exchanged, compared to its average volume of 16,102. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Swire Pacific has a fifty-two week low of $7.77 and a fifty-two week high of $12.09. The firm has a fifty day moving average price of $10.99 and a two-hundred day moving average price of $9.97.
Analysts Set New Price Targets
Separately, Zacks Research lowered Swire Pacific from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently 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.
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