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

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 36,693 shares, a growth of 222.5% from the February 26th total of 11,379 shares. Based on an average daily volume of 81,384 shares, the days-to-cover ratio is currently 0.5 days.

Singapore Airlines Price Performance

SINGY stock opened at $10.24 on Friday. Singapore Airlines has a 12 month low of $8.78 and a 12 month high of $11.77. The firm has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.15.

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.