Singapore Airlines Limited (OTCMKTS:SINGY) Sees Significant Increase in Short Interest

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 20,456 shares, an increase of 698.1% from the December 15th total of 2,563 shares. Based on an average daily volume of 92,378 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 92,378 shares, the short-interest ratio is currently 0.2 days.

Singapore Airlines Stock Performance

Shares of SINGY traded down $0.01 during mid-day trading on Monday, reaching $9.97. 51,210 shares of the company’s stock traded hands, compared to its average volume of 31,021. The business’s 50-day moving average price is $9.90 and its 200-day moving average price is $10.27. Singapore Airlines has a 12 month low of $8.78 and a 12 month high of $11.77.

Singapore Airlines Company Profile

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.