Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 8,005 shares, a decline of 63.5% from the July 15th total of 21,951 shares. Based on an average daily trading volume, of 17,997 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.
Cathay Pacific Airways Stock Performance
Cathay Pacific Airways stock traded down $0.41 during trading hours on Friday, reaching $9.30. 1,553 shares of the stock were exchanged, compared to its average volume of 6,003. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.75. Cathay Pacific Airways has a twelve month low of $6.64 and a twelve month high of $9.87. The stock has a 50 day moving average of $8.54 and a two-hundred day moving average of $8.17.
Analysts Set New Price Targets
CPCAY has been the topic of a number of analyst reports. Zacks Research downgraded Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
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.
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