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

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 400 shares, a decline of 80.0% from the August 15th total of 2,000 shares. Based on an average daily volume of 77,200 shares, the days-to-cover ratio is currently 0.0 days.

Singapore Airlines Price Performance

Shares of SINGY traded up $0.09 during mid-day trading on Friday, hitting $9.98. 39,259 shares of the company’s stock traded hands, compared to its average volume of 35,019. Singapore Airlines has a 1 year low of $8.62 and a 1 year high of $10.99. The business’s 50-day moving average price is $9.74 and its 200-day moving average price is $9.72.

Singapore Airlines Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 2nd were paid a $0.5132 dividend. This is a boost from Singapore Airlines’s previous dividend of $0.13. The ex-dividend date of this dividend was Friday, August 2nd. Singapore Airlines’s dividend payout ratio is currently 117.21%.

About Singapore Airlines

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments.