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

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 85,703 shares, a decrease of 69.7% from the June 15th total of 282,811 shares. Based on an average daily volume of 180,478 shares, the short-interest ratio is currently 0.5 days.

Singapore Airlines Stock Down 0.4%

SINGY stock traded down $0.05 during trading on Tuesday, reaching $11.72. The company had a trading volume of 47,595 shares, compared to its average volume of 68,245. The firm has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.50. Singapore Airlines has a twelve month low of $9.28 and a twelve month high of $12.17.

Singapore Airlines Company Profile

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.