Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Short Interest Update

by · The Cerbat Gem

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,126 shares, a decline of 62.3% from the April 30th total of 13,601 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,687 shares, the short-interest ratio is currently 0.5 days.

Cathay Pacific Airways Price Performance

Shares of CPCAY opened at $8.42 on Monday. Cathay Pacific Airways has a fifty-two week low of $6.23 and a fifty-two week high of $9.10. The firm’s 50 day moving average price is $7.80 and its 200 day moving average price is $7.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

View Our Latest Analysis on Cathay Pacific Airways

Cathay Pacific Airways Company Profile

(Get Free Report)

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.

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