Swire Pacific Limited (OTCMKTS:SWRAY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 56,400 shares, a growth of 97.2% from the December 15th total of 28,600 shares. Based on an average trading volume of 55,100 shares, the days-to-cover ratio is currently 1.0 days.
OTCMKTS:SWRAY opened at $6.22 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.23. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 2.48 and a beta of 0.91. Swire Pacific has a one year low of $4.47 and a one year high of $9.94. The business has a fifty day moving average price of $5.78 and a 200-day moving average price of $5.33.
A number of equities research analysts have weighed in on SWRAY shares. ValuEngine lowered shares of Swire Pacific from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. Zacks Investment Research lowered Swire Pacific from a “buy” rating to a “hold” rating in a research note on Thursday.
Swire Pacific Limited engages in property, aviation, beverages, marine services, and trading and industrial businesses in Hong Kong, Asia, the United States, and internationally. Its Property division develops, owns, and operates mixed-use properties. This division's property investment portfolio comprises office and retail premises, serviced apartments, other luxury residential accommodations, and commercial mixed-use developments; and trading portfolio consists of residential properties.
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