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

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 44,500 shares, a drop of 84.2% from the November 15th total of 282,500 shares. Based on an average daily trading volume, of 98,000 shares, the short-interest ratio is presently 0.5 days.

Cathay Pacific Airways Price Performance

Shares of Cathay Pacific Airways stock traded up $0.06 during trading on Friday, hitting $6.29. 3,948 shares of the company were exchanged, compared to its average volume of 63,607. The firm’s fifty day moving average price is $5.51 and its 200 day moving average price is $5.25. Cathay Pacific Airways has a 1-year low of $4.84 and a 1-year high of $6.34.

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.