Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Down 80.4% in July

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 18,535 shares, a drop of 80.4% from the July 15th total of 94,470 shares. Based on an average daily volume of 85,785 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Singapore Airlines Stock Performance

OTCMKTS SINGY traded down $0.03 during mid-day trading on Thursday, hitting $10.98. The stock had a trading volume of 10,988 shares, compared to its average volume of 64,321. Singapore Airlines has a 52-week low of $9.28 and a 52-week high of $12.17. The company has a 50 day simple moving average of $11.59 and a 200 day simple moving average of $10.79.

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.