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

Swire Properties Limited (OTCMKTS:SWPFF) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 30,700 shares, a decline of 74.7% from the October 31st total of 121,300 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 102.3 days.

Swire Properties Stock Performance

SWPFF remained flat at $2.05 on Wednesday. 66 shares of the company were exchanged, compared to its average volume of 11,367. Swire Properties has a 12-month low of $1.59 and a 12-month high of $2.18. The company’s fifty day simple moving average is $2.03 and its 200 day simple moving average is $1.83.

About Swire Properties

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.