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

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

Swire Properties Price Performance

OTCMKTS SWPFF remained flat at $2.05 on Thursday. The firm’s fifty day moving average price is $2.03 and its 200-day moving average price is $1.84. Swire Properties has a 12 month low of $1.59 and a 12 month high of $2.18.

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.