Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Grows By 912.5%

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 151,050 shares, an increase of 912.5% from the May 14th total of 14,919 shares. Based on an average trading volume of 167,327 shares, the days-to-cover ratio is presently 0.9 days.

Singapore Airlines Price Performance

Shares of SINGY stock opened at $10.76 on Wednesday. The company’s 50-day moving average price is $10.26 and its 200-day moving average price is $10.20. Singapore Airlines has a twelve month low of $9.28 and a twelve month high of $11.77.

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.