Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Short Interest Update

Key Points

• Cathay Pacific Airways experienced a significant drop in short interest, decreasing by 88.9% from 1,800 shares to just 200 shares as of July 31st.
• HSBC Global Research upgraded Cathay Pacific's rating from a "moderate sell" to a "hold" on May 7th, signaling a potential positive outlook.
• Cathay Pacific's stock rose by 3.2% to $6.80, with a 52-week range between $4.84 and $7.79.

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY - Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 200 shares, adropof88.9% from the July 15th total of 1,800 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Cathay Pacific Airways Trading Up 0.7%

Shares of OTCMKTS:CPCAY traded up $0.05 during trading on Tuesday, reaching $6.85. The stock had a trading volume of 2,859 shares, compared to its average volume of 2,502. The business has a fifty day moving average price of $7.04 and a 200-day moving average price of $6.60. 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 has a fifty-two week low of $4.88 and a fifty-two week high of $7.79.

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.