Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Update

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 18,535 shares, a drop of 80.4% from the July 15th total of 94,470 shares. Based on an average daily volume of 85,785 shares, the short-interest ratio is currently 0.2 days.

Singapore Airlines Trading Down 2.3%

Singapore Airlines stock opened at $11.51 on Wednesday. The stock has a 50-day moving average price of $11.59 and a 200 day moving average price of $10.78. Singapore Airlines has a 52 week low of $9.28 and a 52 week high of $12.17.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Singapore Airlines from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.