Singapore Airlines Limited (OTCMKTS:SINGY) Sees Large Growth in Short Interest

Singapore Airlines Limited (OTCMKTS:SINGY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 44,392 shares, an increase of 139.5% from the July 30th total of 18,535 shares. Based on an average daily volume of 73,836 shares, the days-to-cover ratio is presently 0.6 days.

Singapore Airlines Trading Down 1.0%

SINGY stock opened at $10.70 on Friday. Singapore Airlines has a 12-month low of $9.28 and a 12-month high of $12.17. The business’s 50-day moving average is $11.56 and its 200 day moving average is $10.84.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Singapore Airlines from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Singapore Airlines

Singapore Airlines (OTCMKTS:SINGY) is the flag carrier airline of Singapore, providing scheduled air passenger and cargo services to destinations across Asia, Europe, North America, the Middle East, Africa and Oceania. Headquartered at Singapore Changi Airport, the carrier operates a modern fleet of wide-body and narrow-body aircraft, offering premium, business and economy class cabins designed to meet the needs of leisure travellers, business executives and freight customers alike.

Since its establishment on May 1, 1972—following the split of Malaysia–Singapore Airlines—Singapore Airlines has grown from a regional operator into a globally recognized brand.