Singapore Airlines Limited (OTCMKTS:SINGY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,000 shares, a decline of 90.6% from the August 15th total of 21,300 shares. Based on an average trading volume of 100,900 shares, the days-to-cover ratio is presently 0.0 days.
Shares of OTCMKTS SINGY traded down $0.05 during midday trading on Wednesday, hitting $7.25. 16,890 shares of the company’s stock were exchanged, compared to its average volume of 61,584. Singapore Airlines has a 12 month low of $4.84 and a 12 month high of $8.71. The company’s 50 day moving average price is $7.37 and its 200 day moving average price is $7.60.
Separately, DBS Vickers upgraded Singapore Airlines to a “hold” rating and set a $4.90 target price for the company in a research note on Wednesday, July 28th.
Singapore Airlines Ltd. engages in passenger and cargo air transportation. It operates through the following segments: Singapore Airlines, SilkAir, Budget Aviation and SIAEC. The Singapore Airlines segment provides passenger air transportation under the Singapore Airlines brand with a focus on full-service passenger serving short and long haul markets.
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