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

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

Cathay Pacific Airways Price Performance

Shares of OTCMKTS:CPCAY traded down $0.10 during trading on Friday, hitting $6.79. 4,387 shares of the stock traded hands, compared to its average volume of 15,399. The company has a fifty day moving average price of $6.08 and a two-hundred day moving average price of $5.44. Cathay Pacific Airways has a 52-week low of $4.84 and a 52-week high of $6.95.

About Cathay Pacific Airways

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.