Short Interest in Swire Properties Limited (OTCMKTS:SWPFF) Declines By 42.4%

Swire Properties Limited (OTCMKTS:SWPFFGet Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 295,120 shares, a drop of 42.4% from the July 15th total of 512,320 shares. Based on an average daily trading volume, of 6 shares, the days-to-cover ratio is currently 49,186.7 days.

Swire Properties Stock Performance

Shares of SWPFF stock opened at $2.75 on Monday. The company has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $3.01. Swire Properties has a one year low of $2.48 and a one year high of $3.35.

About Swire Properties

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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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