Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Short Interest Up 1,250.0% in August

Key Points

• Cathay Pacific Airways experienced a significant increase in short interest of 1,250.0% in August, raising totals from 200 shares to 2,700 shares.
• The company recently declared a dividend of $0.1074, which will yield 573.0%, with the payment date set for October 20th.
• Analysts from Hsbc Global Res have upgraded the stock from a "moderate sell" rating to a "hold" rating, with an average rating of "Hold" now in place.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 2,700 shares, agrowthof1,250.0% from the July 31st total of 200 shares. Based on an average trading volume of 3,100 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 3,100 shares, the short-interest ratio is currently 0.9 days.

Cathay Pacific Airways Stock Performance

Shares of CPCAY traded down $0.01 during midday trading on Tuesday, hitting $7.00. The company had a trading volume of 722 shares, compared to its average volume of 4,921. Cathay Pacific Airways has a 1 year low of $4.94 and a 1 year high of $7.79. The company's 50-day simple moving average is $7.10 and its 200-day simple moving average is $6.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.38 and a current ratio of 0.38.

Cathay Pacific Airways Announces Dividend

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

Analysts Set New Price Targets

Separately, Hsbc Global Res upgraded Cathay Pacific Airways from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cathay Pacific Airways presently has an average rating of "Hold".

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.

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