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

Singapore Airlines Limited (OTCMKTS:SINGY) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 22,937 shares, an increase of 487.4% from the September 30th total of 3,905 shares. Based on an average trading volume of 130,903 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Singapore Airlines from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Singapore Airlines Stock Performance

Shares of SINGY opened at $10.27 on Thursday. The business’s fifty day moving average price is $10.41 and its 200 day moving average price is $10.65. Singapore Airlines has a 12-month low of $9.28 and a 12-month high of $12.17.

Singapore Airlines Company Profile

Singapore Airlines Limited is the flag carrier of Singapore and a global passenger and cargo airline headquartered at Singapore Changi Airport. The company operates scheduled air transportation services linking Singapore with destinations across Asia, Europe, North America, Australia, Africa and the Middle East. Its business includes passenger travel, air freight and related aviation services.

Singapore Airlines offers multiple cabin classes, including Suites, First Class, Business Class, Premium Economy Class and Economy Class, along with in-flight entertainment, airport lounges and the KrisFlyer frequent-flyer program.