Swire Properties Limited (OTCMKTS:SWPFF) Sees Large Decline in Short Interest

Swire Properties Limited (OTCMKTS:SWPFF) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 390,100 shares, a drop of 66.3% from the August 31st total of 1,159,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Swire Properties Stock Performance

Shares of SWPFF stock remained flat at $1.80 during mid-day trading on Friday. Swire Properties has a twelve month low of $1.59 and a twelve month high of $2.10. The company’s 50-day moving average is $1.73 and its two-hundred day moving average is $1.81.

Swire Properties Company Profile

Swire Properties Limited, together with its subsidiaries, develops, owns, and operates mixed-use, primarily commercial properties in Hong Kong, Mainland China, the United States, and internationally. It operates through three divisions: Property Investment, Property Trading, and Hotels. The company engages in the development, leasing, and management of commercial, retail, and residential properties; development, construction, and sale of residential apartments; and operation of hotels.