Short Interest in Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Rises By 103.0%

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 17,998 shares, an increase of 103.0% from the June 15th total of 8,865 shares. Based on an average daily volume of 10,152 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the shares of the company are short sold.

Cathay Pacific Airways Price Performance

Shares of CPCAY stock traded down $0.05 during trading hours on Friday, hitting $8.40. 6,582 shares of the company’s stock traded hands, compared to its average volume of 4,751. The stock’s 50 day simple moving average is $8.09 and its 200 day simple moving average is $7.99. Cathay Pacific Airways has a 12 month low of $6.51 and a 12 month high of $9.10.

Analyst Ratings Changes

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

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.