After Reaching Milestone, Is CATHAY PACIFIC AIRWAYS LTD ORD ORDINARY (OTCMKTS:CPCAF)’s Short Interest Revealing Something?

February 24, 2018 - By Richard Conner

The stock of CATHAY PACIFIC AIRWAYS LTD ORD ORDINARY (OTCMKTS:CPCAF) registered a decrease of 9.6% in short interest. CPCAF’s total short interest was 10.75 million shares in February as published by FINRA. Its down 9.6% from 11.89 million shares, reported previously. With 300 shares average volume, it will take short sellers 35832 days to cover their CPCAF’s short positions. The short interest to CATHAY PACIFIC AIRWAYS LTD ORD ORDINARY’s float is 1.77%.

It closed at $1.6 lastly. It is down 0.00% since February 24, 2017 and is . It has underperformed by 16.70% the S&P500.

Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services worldwide. The company has market cap of $6.53 billion. It operates in two divisions, Airline Business and Non-Airline Business. It currently has negative earnings. The firm conducts airline activities principally to and from Hong Kong.

More recent Cathay Pacific Airways Limited (OTCMKTS:CPCAF) news were published by: Qz.com which released: “An airline crew reported seeing North Korea’s latest missile” on December 04, 2017. Also Bloomberg.com published the news titled: “Cheap Lesson for Cathay Pacific” on May 19, 2017. Barrons.com‘s news article titled: “Cathay Pacific: Is a Merger with Air China Back on the Horizon?” with publication date: July 27, 2017 was also an interesting one.

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