Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Declines By 80.3%

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 8,763 shares, a decrease of 80.3% from the August 15th total of 44,392 shares. Based on an average trading volume of 114,640 shares, the short-interest ratio is currently 0.1 days.

Singapore Airlines Trading Up 0.4%

Shares of OTCMKTS:SINGY traded up $0.04 during trading on Friday, reaching $10.43. 191,400 shares of the company traded hands, compared to its average volume of 66,103. The firm has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $10.82. Singapore Airlines has a 1-year low of $9.28 and a 1-year high of $12.17.

Analyst Ratings Changes

Separately, Citigroup upgraded Singapore Airlines from a “sell” rating to a “neutral” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus 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.