Singapore Airlines Limited (OTCMKTS:SINGY) Sees Significant Decline in Short Interest

Singapore Airlines Limited (OTCMKTS:SINGY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,119 shares, a decrease of 64.4% from the August 31st total of 8,763 shares. Based on an average trading volume of 216,653 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Singapore Airlines from a “sell” rating to a “neutral” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Singapore Airlines Stock Performance

Singapore Airlines stock traded up $0.25 during midday trading on Tuesday, hitting $10.78. 517 shares of the stock were exchanged, compared to its average volume of 68,142. Singapore Airlines has a 1 year low of $9.28 and a 1 year high of $12.17. The company has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $10.78.

About Singapore Airlines

Singapore Airlines Limited is the flag carrier of Singapore and provides scheduled passenger and cargo air transportation services from its hub at Singapore Changi Airport. The company serves destinations across Asia, Europe, North America, Australia, Africa and the Middle East, connecting Singapore with major international business and leisure markets.

Singapore Airlines offers multiple classes of air travel, including Suites, First Class, Business Class, Premium Economy Class and Economy Class.