SATS Ltd. (OTCMKTS:SPASF) Short Interest Up 462.7% in August

SATS Ltd. (OTCMKTS:SPASF) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,688,419 shares, an increase of 462.7% from the August 15th total of 300,076 shares. Based on an average daily volume of 273 shares, the short-interest ratio is presently 6,184.7 days.

SATS Price Performance

Shares of OTCMKTS:SPASF remained flat at $3.30 during trading on Friday. The firm has a 50-day moving average price of $3.49 and a 200-day moving average price of $3.09. SATS has a 52 week low of $2.28 and a 52 week high of $3.84.

About SATS

SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, Asia Pacific, the United States, Europe, Middle East, Africa, and internationally. It operates through three segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment offers inflight and institutional catering; food processing, distribution services, and airline laundry services. Its Gateway Services segment provides airport services, which include airfreight handling services, passenger services, aviation security services, baggage handling services, and apron services, as well as cruise terminal services; and manages and operates marine bay cruise center.