Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Sees Large Drop in Short Interest

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 200 shares, a decline of 33.3% from the August 31st total of 300 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 0.1 days.

Cathay Pacific Airways Price Performance

Shares of CPCAY opened at $6.85 on Monday. Cathay Pacific Airways has a 1-year low of $5.00 and a 1-year high of $7.79. The firm has a fifty day moving average price of $6.92 and a 200 day moving average price of $6.64.

Cathay Pacific Airways Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, September 5th will be issued a $0.1074 dividend. This represents a dividend yield of 573.0%. The ex-dividend date of this dividend is Thursday, September 4th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.