Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Sees Large Increase in Short Interest

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 14,167 shares, a growth of 81.0% from the August 31st total of 7,825 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 12,380 shares, the days-to-cover ratio is presently 1.1 days.

Cathay Pacific Airways Stock Performance

CPCAY stock opened at $9.15 on Tuesday. The business has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $8.38. The company has a quick ratio of 0.38, a current ratio of 0.44 and a debt-to-equity ratio of 0.79. Cathay Pacific Airways has a 52 week low of $6.64 and a 52 week high of $9.87.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Cathay Pacific Airways

Cathay Pacific Airways Limited is the flag carrier of Hong Kong and a principal company of the Cathay Group. Founded in 1946, the airline is headquartered at Hong Kong International Airport, which serves as its primary hub. Cathay Pacific operates scheduled passenger and cargo services connecting Hong Kong with destinations across Asia, Europe, North America, Australia, the Middle East and other regions.

The company provides air transportation for leisure and business travelers, along with freight and logistics services through its cargo operations.