SATS Ltd. (OTCMKTS:SPASF) Short Interest Down 70.3% in June

SATS Ltd. (OTCMKTS:SPASF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 482,244 shares, a drop of 70.3% from the May 31st total of 1,624,044 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

SATS Price Performance

OTCMKTS SPASF opened at $3.27 on Tuesday. The company’s fifty day simple moving average is $2.75 and its 200-day simple moving average is $2.73. SATS has a 52 week low of $2.28 and a 52 week high of $3.27.

About SATS

SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, Asia Pacific, the United States, Europe, Middle East, Africa, and internationally. It operates through three segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment offers inflight and institutional catering; food processing, distribution services, and airline laundry services. Its Gateway Services segment provides airport services, which include airfreight handling services, passenger services, aviation security services, baggage handling services, and apron services, as well as cruise terminal services; and manages and operates marine bay cruise center.