Singapore Airlines Limited (OTCMKTS:SINGY) Shares Shorted: Short Interest Down 64.4% in September

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,119 shares, a decline of 64.4% from the August 31st total of 8,763 shares. Based on an average daily volume of 216,653 shares, the days-to-cover ratio is currently 0.0 days.

Singapore Airlines Trading Up 0.6%

Shares of OTCMKTS SINGY traded up $0.06 during mid-day trading on Friday, hitting $10.39. The company had a trading volume of 66,177 shares, compared to its average volume of 68,420. Singapore Airlines has a 12 month low of $9.28 and a 12 month high of $12.17. The firm’s 50 day simple moving average is $11.00 and its two-hundred day simple moving average is $10.78.

Wall Street Analyst Weigh In

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

About Singapore Airlines

Singapore Airlines Limited is the flag carrier of Singapore and provides scheduled passenger and cargo air transportation services from its hub at Singapore Changi Airport. The company serves destinations across Asia, Europe, North America, Australia, Africa and the Middle East, connecting Singapore with major international business and leisure markets.

Singapore Airlines offers multiple classes of air travel, including Suites, First Class, Business Class, Premium Economy Class and Economy Class.