Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Drops By 80.0%

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 400 shares, a decline of 80.0% from the August 15th total of 2,000 shares. Based on an average daily volume of 77,200 shares, the short-interest ratio is currently 0.0 days.

Singapore Airlines Trading Up 0.9 %

Shares of OTCMKTS SINGY traded up $0.09 during mid-day trading on Thursday, reaching $9.78. 74,595 shares of the company’s stock were exchanged, compared to its average volume of 35,034. The firm has a 50-day moving average price of $9.75 and a two-hundred day moving average price of $9.72. Singapore Airlines has a 52 week low of $8.62 and a 52 week high of $10.99.

Singapore Airlines Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 2nd were paid a $0.5132 dividend. This is a boost from Singapore Airlines’s previous dividend of $0.13. The ex-dividend date was Friday, August 2nd. Singapore Airlines’s payout ratio is presently 117.21%.

About Singapore Airlines

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.