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

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

Singapore Airlines Stock Up 0.2%

Shares of SINGY stock traded up $0.02 during trading on Wednesday, reaching $10.26. 1,238 shares of the company’s stock were exchanged, compared to its average volume of 68,246. Singapore Airlines has a twelve month low of $9.28 and a twelve month high of $12.17. The firm’s fifty day moving average price is $10.42 and its 200-day moving average price is $10.65.

Analyst Ratings Changes

Separately, Citigroup raised 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, the company currently has an average rating of “Hold”.

About Singapore Airlines

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.