Cathay Pacific Airways Ltd. (OTCMKTS:CPCAY – Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 8,005 shares, a drop of 63.5% from the July 15th total of 21,951 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,997 shares, the days-to-cover ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CPCAY. Citigroup raised Cathay Pacific Airways from a “strong sell” rating to a “buy” rating in a research note on Tuesday, July 21st. Zacks Research downgraded Cathay Pacific Airways from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on CPCAY
Cathay Pacific Airways Stock Performance
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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