Short Interest in Swire Properties Limited (OTCMKTS:SWPFF) Decreases By 96.1%

Swire Properties Limited (OTCMKTS:SWPFF) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 56,492 shares, a decline of 96.1% from the February 26th total of 1,448,552 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 113.0 days. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 113.0 days.

Swire Properties Stock Performance

Swire Properties stock remained flat at $3.16 during trading on Tuesday. The company had a trading volume of 1,660 shares, compared to its average volume of 3,504. The firm has a 50 day simple moving average of $3.18 and a 200 day simple moving average of $2.91. Swire Properties has a 1-year low of $2.00 and a 1-year high of $3.35.

About Swire Properties

Swire Properties is a Hong Kong–based property developer and investor, operating as a subsidiary of Swire Pacific. The company focuses on the development, investment and management of mixed-use property portfolios, encompassing office towers, shopping malls, residential complexes and hotels. With a strategic emphasis on creating vibrant urban centres, Swire Properties combines long-term investment horizons with design-led development to deliver high-quality spaces for businesses, retailers and residents.

In its home market, Swire Properties owns and manages landmark projects such as Pacific Place, Taikoo Place and Citygate.