Reported 2 months ago
Cathay Pacific Airways has become the world's most shorted major airline stock, with short interest surpassing 25% of its free float. This surge follows disappointing first-half results, highlighting a decline in net income driven by lower passenger yields and rising costs. Analysts indicate macroeconomic challenges persist, making investors wary as the airline industry grapples with profit recovery amid ongoing global tourism rebounds.
Source: YAHOO