Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Sees Significant Decrease in Short Interest

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 5,126 shares, a drop of 62.3% from the April 30th total of 13,601 shares. Based on an average trading volume of 9,687 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Cathay Pacific Airways Stock Performance

OTCMKTS:CPCAY opened at $8.42 on Friday. Cathay Pacific Airways has a twelve month low of $6.23 and a twelve month high of $9.10. The firm has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $7.90.

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.