Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Down 80.4% in July

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 18,535 shares, a decline of 80.4% from the July 15th total of 94,470 shares. Based on an average trading volume of 85,785 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Singapore Airlines Stock Performance

Shares of SINGY stock traded down $0.00 during midday trading on Friday, hitting $10.97. 64,557 shares of the company were exchanged, compared to its average volume of 64,594. Singapore Airlines has a 52 week low of $9.28 and a 52 week high of $12.17. The firm’s 50 day moving average price is $11.59 and its two-hundred day moving average price is $10.79.

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.