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

Swire Properties Limited (OTCMKTS:SWPFF) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 56,492 shares, a decline of 96.1% from the February 26th total of 1,448,552 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 113.0 days.

Swire Properties Price Performance

OTCMKTS SWPFF opened at $3.16 on Thursday. Swire Properties has a one year low of $2.00 and a one year high of $3.35. The company has a 50-day simple moving average of $3.18 and a 200-day simple moving average of $2.91.

Swire Properties Company Profile

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.