SATS Ltd. (OTCMKTS:SPASF) Sees Significant Growth in Short Interest

SATS Ltd. (OTCMKTS:SPASF) was the target of a large increase in short interest in 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 days-to-cover ratio is presently 11,347.0 days.

SATS Price Performance

SATS stock opened at $2.70 on Friday. SATS has a 1-year low of $2.28 and a 1-year high of $3.25. The firm’s 50 day simple moving average is $2.92 and its 200 day simple moving average is $2.64.

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.