Cathay Pacific Airways Limited (OTCMKTS:CPCAY) Short Interest Up 700.0% in March

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 700.0% from the February 28th total of 200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is currently 0.2 days.

Cathay Pacific Airways Stock Performance

Shares of OTCMKTS:CPCAY traded up $0.01 during midday trading on Thursday, hitting $6.72. 587 shares of the stock traded hands, compared to its average volume of 6,987. The business’s 50 day moving average is $6.70 and its two-hundred day moving average is $5.99. Cathay Pacific Airways has a one year low of $4.84 and a one year high of $7.30.

Cathay Pacific Airways Increases Dividend

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

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.