Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) was the recipient of a large decline in short interest during the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,997 shares, the days-to-cover ratio is presently 0.4 days.
Cathay Pacific Airways Stock Up 0.6%
Cathay Pacific Airways stock traded up $0.06 during midday trading on Friday, reaching $9.77. The stock had a trading volume of 917 shares, compared to its average volume of 4,912. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.38 and a current ratio of 0.38. Cathay Pacific Airways has a 52-week low of $6.64 and a 52-week high of $9.87. The company has a fifty day moving average of $8.52 and a 200 day moving average of $8.16.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Citigroup upgraded Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research report on Tuesday, July 21st. Zacks Research cut shares of Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cathay Pacific Airways currently has a consensus rating of “Moderate Buy”.
Cathay Pacific Airways Company Profile
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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