Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) Shares Shorted: Short Interest Up 81.0% in September

Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,167 shares, a growth of 81.0% from the August 31st total of 7,825 shares. Based on an average trading volume of 12,380 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cathay Pacific Airways has an average rating of “Moderate Buy”.

Cathay Pacific Airways Price Performance

Shares of Cathay Pacific Airways stock opened at $9.15 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $9.19 and its 200-day moving average price is $8.38. Cathay Pacific Airways has a 12 month low of $6.64 and a 12 month high of $9.87.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited is the flag carrier of Hong Kong and a principal company of the Cathay Group. Founded in 1946, the airline is headquartered at Hong Kong International Airport, which serves as its primary hub. Cathay Pacific operates scheduled passenger and cargo services connecting Hong Kong with destinations across Asia, Europe, North America, Australia, the Middle East and other regions.

The company provides air transportation for leisure and business travelers, along with freight and logistics services through its cargo operations.