Swire Pacific Ltd. (OTCMKTS:SWRAY) Shares Shorted: Short Interest Up 83.9% in October

Swire Pacific Ltd. (OTCMKTS:SWRAY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 33,600 shares, a growth of 83.9% from the September 30th total of 18,274 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 53,819 shares, the short-interest ratio is currently 0.6 days.

Swire Pacific Stock Performance

OTCMKTS:SWRAY opened at $13.60 on Friday. Swire Pacific has a one year low of $7.77 and a one year high of $14.28. The business has a fifty day moving average price of $13.25 and a 200-day moving average price of $11.51.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Swire Pacific from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

About Swire Pacific

Swire Pacific Limited is a Hong Kong-based diversified business group with operations spanning property, beverages and food, and aviation. The company is part of the wider Swire group, whose business roots date to the early 19th century, and has developed into a major operator and investor in Asia.

Through Swire Properties, the group develops, owns and manages commercial, retail, residential and hotel properties, with a significant presence in Hong Kong and growing operations in selected mainland Chinese cities and other Asian markets.