SATS Ltd. (OTCMKTS:SPASF – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,634,250 shares, a growth of 174.5% from the August 31st total of 1,688,419 shares. Based on an average daily trading volume, of 2,340 shares, the days-to-cover ratio is presently 1,980.4 days.
SATS Price Performance
SATS stock opened at $3.00 on Tuesday. The company’s 50 day simple moving average is $3.39 and its 200 day simple moving average is $3.09. SATS has a fifty-two week low of $2.28 and a fifty-two week high of $3.84.
SATS Company Profile
SATS Ltd. is a Singapore-based provider of food solutions and gateway services for the aviation, hospitality and wider transport industries. The company supplies airline catering, institutional and commercial food services, food distribution, and related logistics solutions. Its gateway services include airport ground handling, cargo handling, baggage handling, passenger services and aircraft maintenance support.
The company was established in 1972 as Singapore Airport Terminal Services, initially serving Singapore Changi Airport and Singapore Airlines.
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