Swire Properties Limited (OTCMKTS:SWPFF) Short Interest Down 96.1% in March

Swire Properties Limited (OTCMKTS:SWPFF) saw a large decline in short interest in 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 days-to-cover ratio is presently 113.0 days. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 113.0 days.

Swire Properties Price Performance

Shares of SWPFF opened at $3.16 on Wednesday. Swire Properties has a 52-week low of $2.00 and a 52-week high of $3.35. The stock’s 50-day simple moving average is $3.18 and its 200 day simple moving average is $2.91.

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.