Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Short Interest Up 60.9% in January

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 716 shares, an increase of 60.9% from the December 31st total of 445 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 3,787 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 3,787 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Cathay Pacific Airways from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Cathay Pacific Airways Trading Down 2.4%

Cathay Pacific Airways stock traded down $0.19 during midday trading on Friday, hitting $7.61. The stock had a trading volume of 1,095 shares, compared to its average volume of 2,171. Cathay Pacific Airways has a 52-week low of $5.48 and a 52-week high of $8.29. The firm’s fifty day moving average is $7.82 and its two-hundred day moving average is $7.33.

Cathay Pacific Airways Company Profile

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.