Cathay Pacific Airways Limited (OTCMKTS:CPCAY) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 500 shares, a drop of 96.4% from the August 15th total of 13,900 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 0.0 days.
Separately, Zacks Investment Research upgraded Cathay Pacific Airways from a “sell” rating to a “hold” rating in a report on Tuesday, August 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $5.25.
Shares of OTCMKTS:CPCAY opened at $4.17 on Wednesday. The company has a market cap of $3.28 billion, a P/E ratio of -2.40 and a beta of 0.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.59 and a current ratio of 0.59. Cathay Pacific Airways has a one year low of $3.25 and a one year high of $5.22. The business’s 50-day simple moving average is $4.15 and its 200 day simple moving average is $4.40.
Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. The company conducts airline operations principally to and from Hong Kong. It also provides property investment, travel reward program, travel tour operator, financial, aircraft leasing and acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, aircraft engineering, cargo carriage, airport ground engineering support and equipment maintenance, and inventory technical management services.
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