Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Short Interest Up 103.0% in June

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 17,998 shares, an increase of 103.0% from the June 15th total of 8,865 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 10,152 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cathay Pacific Airways presently has a consensus rating of “Reduce”.

Cathay Pacific Airways Stock Performance

Shares of CPCAY stock opened at $8.24 on Wednesday. The stock’s 50 day simple moving average is $8.07 and its two-hundred day simple moving average is $7.99. Cathay Pacific Airways has a 1 year low of $6.51 and a 1 year high of $9.10.

About Cathay Pacific Airways

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) is the flag carrier of Hong Kong, operating a comprehensive network of scheduled passenger and cargo services across Asia, Europe, North America and Australasia. The airline’s fleet consists primarily of wide-body aircraft, including Airbus A330, A350 and Boeing 777 models, which are deployed on routes connecting Hong Kong International Airport to more than 80 destinations worldwide. Cathay Pacific is a founding member of the oneworld alliance, enabling seamless travel and loyalty benefits through partnerships with other leading global carriers.

Established in 1946 by American entrepreneur Roy C.