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

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) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 200 shares, adeclineof88.9% from the July 15th total of 1,800 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of Cathay Pacific Airways from a "moderate sell" rating to a "hold" rating in a report on Wednesday, May 7th.

Cathay Pacific Airways Stock Up 3.2%

CPCAY stock traded up $0.21 during midday trading on Thursday, reaching $6.80. The stock had a trading volume of 1,953 shares, compared to its average volume of 5,128. The company's fifty day simple moving average is $7.03 and its 200 day simple moving average is $6.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.08. Cathay Pacific Airways has a 52-week low of $4.84 and a 52-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.

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