Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Shares Shorted: Short Interest Up 81.0% in September

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 14,167 shares, an increase of 81.0% from the August 31st total of 7,825 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,380 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cathay Pacific Airways presently has a consensus rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

Cathay Pacific Airways stock remained flat at $9.21 during trading on Thursday. 494 shares of the company were exchanged, compared to its average volume of 2,552. Cathay Pacific Airways has a 52-week low of $6.64 and a 52-week high of $9.87. The business’s 50-day moving average price is $9.21 and its 200 day moving average price is $8.39. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.38 and a current ratio of 0.44.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is a Hong Kong-based international airline and the flag carrier of Hong Kong. The company provides scheduled passenger and air cargo services, using Hong Kong International Airport as its principal hub. Its network connects Hong Kong with destinations across Asia, Europe, North America, the Middle East, Africa and the Southwest Pacific.

Founded in 1946 by Roy Farrell and Sydney de Kantzow, Cathay Pacific has developed into a global aviation group. Its operations include long-haul and regional passenger flights, cargo transportation and related aviation services.