Short Interest in SATS Ltd. (OTCMKTS:SPASF) Rises By 89.0%

SATS Ltd. (OTCMKTS:SPASF) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,032,574 shares, an increase of 89.0% from the April 15th total of 546,374 shares. Based on an average daily volume of 91 shares, the short-interest ratio is presently 11,347.0 days.

SATS Stock Performance

Shares of SATS stock traded down $0.20 on Monday, hitting $2.50. The stock had a trading volume of 300 shares, compared to its average volume of 418. The stock has a 50 day moving average of $2.92 and a 200 day moving average of $2.64. SATS has a twelve month low of $2.28 and a twelve month high of $3.25.

SATS Company Profile

SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, Asia Pacific, the United States, Europe, Middle East, Africa, and internationally. It operates through three segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment offers inflight and institutional catering; food processing, distribution services, and airline laundry services. Its Gateway Services segment provides airport services, which include airfreight handling services, passenger services, aviation security services, baggage handling services, and apron services, as well as cruise terminal services; and manages and operates marine bay cruise center.