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

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 46,600 shares, an increase of 77.9% from the May 31st total of 26,200 shares. Based on an average daily trading volume, of 65,100 shares, the days-to-cover ratio is presently 0.7 days.

Singapore Airlines Stock Up 2.5 %

Singapore Airlines stock traded up $0.25 during midday trading on Friday, reaching $10.19. The stock had a trading volume of 19,436 shares, compared to its average volume of 30,001. The firm’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $9.76. Singapore Airlines has a 1-year low of $8.62 and a 1-year high of $11.61.

Singapore Airlines Company Profile

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments.