Cathay Pacific Airways Limited (OTCMKTS:CPCAY) Short Interest Up 37.5% in March

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,200 shares, an increase of 37.5% from the March 15th total of 1,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 0.7 days.

Cathay Pacific Airways Stock Up 3.0 %

Shares of CPCAY stock opened at $5.69 on Friday. Cathay Pacific Airways has a 12 month low of $4.84 and a 12 month high of $7.30. The firm’s 50-day moving average is $6.42 and its two-hundred day moving average is $6.09.

Cathay Pacific Airways Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.3153 per share. This is an increase from Cathay Pacific Airways’s previous dividend of $0.11. The ex-dividend date of this dividend is Wednesday, April 2nd.

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.