Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 5,126 shares, a decrease of 62.3% from the April 30th total of 13,601 shares. Based on an average daily volume of 9,687 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.
Cathay Pacific Airways Trading Up 2.7%
Shares of Cathay Pacific Airways stock opened at $8.42 on Friday. Cathay Pacific Airways has a 1 year low of $6.23 and a 1 year high of $9.10. The firm’s 50-day moving average is $7.80 and its two-hundred day moving average is $7.90.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
About Cathay Pacific Airways
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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