Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) was the recipient of a significant increase in short interest in 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 trading volume of 10,152 shares, the short-interest ratio is currently 1.8 days. Currently, 0.0% of the company’s shares are sold short.
Cathay Pacific Airways Price Performance
Shares of CPCAY stock opened at $8.26 on Thursday. Cathay Pacific Airways has a 12-month low of $6.51 and a 12-month high of $9.10. The firm has a fifty day moving average of $8.08 and a 200-day moving average of $7.99.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus 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.
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