SATS Ltd. (OTCMKTS:SPASF) Short Interest Update

SATS Ltd. (OTCMKTS:SPASF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,688,419 shares, a growth of 462.7% from the August 15th total of 300,076 shares. Based on an average trading volume of 273 shares, the days-to-cover ratio is presently 6,184.7 days.

SATS Stock Performance

Shares of OTCMKTS SPASF opened at $3.30 on Friday. The firm has a 50 day moving average price of $3.49 and a two-hundred day moving average price of $3.09. SATS has a 52-week low of $2.28 and a 52-week high of $3.84.

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.