Swire Properties Limited (OTCMKTS:SWPFF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 484,324 shares, an increase of 73.9% from the August 15th total of 278,557 shares. Based on an average trading volume of 2,750 shares, the days-to-cover ratio is presently 176.1 days.
Swire Properties Trading Down 2.8%
Shares of Swire Properties stock opened at $3.11 on Friday. Swire Properties has a 12-month low of $2.60 and a 12-month high of $3.35. The firm’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.00.
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.
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