Cathay Pacific Airways Limited (OTCMKTS:CPCAY) Sees Large Increase in Short Interest

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 75,500 shares, a growth of 19.3% from the December 15th total of 63,300 shares. Based on an average daily trading volume, of 8,700 shares, the short-interest ratio is currently 8.7 days.

Cathay Pacific Airways Price Performance

OTCMKTS CPCAY traded down $0.10 during mid-day trading on Friday, reaching $6.79. 4,387 shares of the company’s stock traded hands, compared to its average volume of 5,387. The company has a fifty day simple moving average of $6.08 and a 200-day simple moving average of $5.44. Cathay Pacific Airways has a 1-year low of $4.84 and a 1-year high of $6.95.

Cathay Pacific Airways Company Profile

Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company conducts airline operations principally to and from Hong Kong. It also engages in the property investment and travel reward program; operates as a travel tour operator; and provision of financial, aircraft acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, and cargo terminal services.