Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Update

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

Analyst Ratings Changes

Separately, Citigroup raised Singapore Airlines from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Singapore Airlines Stock Performance

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

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.