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

Cathay Pacific Airways Limited (OTCMKTS:CPCAY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 700.0% from the February 28th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.2 days.

Cathay Pacific Airways Stock Performance

Shares of OTCMKTS CPCAY traded up $0.01 during trading hours on Thursday, reaching $6.72. 587 shares of the stock traded hands, compared to its average volume of 6,987. The company’s 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $5.99. Cathay Pacific Airways has a 52-week low of $4.84 and a 52-week 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 paid a dividend of $0.3153 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Cathay Pacific Airways’s previous dividend of $0.11.

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.