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

Swire Properties Limited (OTCMKTS:SWPFF) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 687,190 shares, a drop of 34.1% from the November 30th total of 1,043,183 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 6,871.9 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 6,871.9 days.

Swire Properties Price Performance

Shares of Swire Properties stock opened at $2.62 on Tuesday. The business has a 50-day simple moving average of $2.81 and a 200-day simple moving average of $2.67. Swire Properties has a one year low of $1.87 and a one year high of $2.96.

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.