Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Rises By 139.5%

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 44,392 shares, a growth of 139.5% from the July 30th total of 18,535 shares. Based on an average daily volume of 73,836 shares, the short-interest ratio is currently 0.6 days.

Singapore Airlines Stock Up 0.1%

Shares of OTCMKTS SINGY opened at $10.81 on Friday. Singapore Airlines has a 1-year low of $9.28 and a 1-year high of $12.17. The company has a fifty day moving average price of $11.57 and a 200 day moving average price of $10.84.

Analyst Upgrades and Downgrades

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