Swire Pacific Ltd. (OTCMKTS:SWRAY – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,662 shares, a decline of 54.2% from the July 30th total of 49,505 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 37,812 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Swire Pacific stock. Great Lakes Advisors LLC purchased a new position in shares of Swire Pacific Ltd. (OTCMKTS:SWRAY – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,753 shares of the conglomerate’s stock, valued at approximately $490,000.
Swire Pacific Trading Down 0.2%
OTCMKTS SWRAY opened at $13.43 on Friday. Swire Pacific has a 52 week low of $7.77 and a 52 week high of $13.76. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $11.96 and a 200-day moving average price of $11.21.
Swire Pacific Company Profile
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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