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

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 282,811 shares, an increase of 87.2% from the May 31st total of 151,050 shares. Based on an average daily volume of 230,739 shares, the short-interest ratio is currently 1.2 days.

Singapore Airlines Stock Down 0.6%

SINGY opened at $11.80 on Thursday. The business’s 50 day moving average is $10.58 and its 200-day moving average is $10.38. Singapore Airlines has a twelve month low of $9.28 and a twelve month high of $12.17.

Singapore Airlines Company Profile

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.