Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Rises By 139.5%

Singapore Airlines Limited (OTCMKTS:SINGY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 44,392 shares, a growth of 139.5% from the July 30th total of 18,535 shares. Based on an average daily trading volume, of 73,836 shares, the short-interest ratio is currently 0.6 days.

Singapore Airlines Stock Up 0.1%

Shares of Singapore Airlines stock opened at $10.81 on Friday. The business has a fifty day simple moving average of $11.57 and a 200 day simple moving average of $10.84. Singapore Airlines has a 12 month low of $9.28 and a 12 month high of $12.17.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Singapore Airlines from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Singapore Airlines presently has an average rating of “Hold”.

About Singapore Airlines

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.