Short Interest in Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Decreases By 88.9%

Key Points

• Cathay Pacific Airways Ltd. experienced a significant reduction in short interest, dropping by 88.9% in August, with current short interest totaling only 300 shares.
• The company's stock price recently traded at $6.75, with a declared dividend of $0.1074 per share, resulting in an impressive yield of 573.0%.
• Cathay Pacific Airways's financial metrics include a debt-to-equity ratio of 1.08 and a current ratio of 0.38, indicating some liquidity challenges.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 300 shares, a drop of 88.9% from the August 15th total of 2,700 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 0.1 days.

Cathay Pacific Airways Price Performance

Shares of OTCMKTS CPCAY traded down $0.08 during midday trading on Tuesday, hitting $6.71. 6,310 shares of the company's stock were exchanged, compared to its average volume of 1,746. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.08. The business's fifty day moving average price is $7.09 and its two-hundred day moving average price is $6.65. Cathay Pacific Airways has a 12-month low of $5.00 and a 12-month high of $7.79.

Cathay Pacific Airways Dividend Announcement

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

Cathay Pacific Airways Company Profile

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.