Short Interest in Cathay Pacific Airways Limited (OTCMKTS:CPCAY) Decreases By 59.1%

Cathay Pacific Airways Limited (OTCMKTS:CPCAY - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 900 shares, a drop of 59.1% from the March 31st total of 2,200 shares. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Cathay Pacific Airways Stock Down 2.7 %

Shares of CPCAY traded down $0.16 during mid-day trading on Friday, reaching $5.67. The company had a trading volume of 11,276 shares, compared to its average volume of 6,397. Cathay Pacific Airways has a fifty-two week low of $4.84 and a fifty-two week high of $7.30. The firm has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $6.12.

Cathay Pacific Airways Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.3153 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Cathay Pacific Airways's previous dividend of $0.11.

About Cathay Pacific Airways

Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.