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

Singapore Airlines Limited (OTCMKTS:SINGY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,563 shares, an increase of 2,463.0% from the November 30th total of 100 shares. Based on an average trading volume of 117,060 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 117,060 shares, the days-to-cover ratio is currently 0.0 days.

Singapore Airlines Trading Up 0.8%

Shares of Singapore Airlines stock opened at $9.92 on Friday. Singapore Airlines has a 1-year low of $8.78 and a 1-year high of $11.77. The company’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $10.34.

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.