Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Update

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,763 shares, a decline of 80.3% from the August 15th total of 44,392 shares. Based on an average daily volume of 114,640 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Singapore Airlines Stock Up 0.4%

Shares of OTCMKTS:SINGY opened at $10.43 on Friday. Singapore Airlines has a fifty-two week low of $9.28 and a fifty-two week high of $12.17. The firm’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $10.82.

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.