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 in the month of January. As of January 15th, there was short interest totalling 10,100 shares, a decline of 32.7% from the December 31st total of 15,000 shares. Based on an average daily volume of 52,300 shares, the days-to-cover ratio is currently 0.2 days.

Singapore Airlines Stock Down 0.5 %

SINGY stock opened at $9.27 on Friday. Singapore Airlines has a 12 month low of $8.63 and a 12 month high of $10.99. The firm’s 50-day moving average is $9.33 and its 200 day moving average is $9.59.

Singapore Airlines Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.1494 per share. The ex-dividend date was Tuesday, November 26th. Singapore Airlines’s dividend payout ratio is presently 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.