Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Down 69.7% in June

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

Singapore Airlines Price Performance

SINGY traded down $0.06 during midday trading on Monday, hitting $11.82. 3,720 shares of the company were exchanged, compared to its average volume of 68,128. The company’s 50 day simple moving average is $10.86 and its 200 day simple moving average is $10.49. Singapore Airlines has a 1-year low of $9.28 and a 1-year high of $12.17.

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.