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

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 85,703 shares, a drop of 69.7% from the June 15th total of 282,811 shares. Based on an average daily trading volume, of 180,478 shares, the days-to-cover ratio is currently 0.5 days.

Singapore Airlines Trading Down 0.2%

OTCMKTS SINGY traded down $0.02 during trading on Friday, hitting $11.88. The stock had a trading volume of 33,981 shares, compared to its average volume of 68,632. Singapore Airlines has a 12 month low of $9.28 and a 12 month high of $12.17. The company’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $10.48.

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.