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

Singapore Airlines Limited (OTCMKTS:SINGY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 46,600 shares, an increase of 77.9% from the May 31st total of 26,200 shares. Based on an average trading volume of 65,100 shares, the short-interest ratio is currently 0.7 days.

Singapore Airlines Stock Up 2.5 %

Shares of OTCMKTS:SINGY traded up $0.25 during trading on Friday, hitting $10.19. 19,436 shares of the company’s stock were exchanged, compared to its average volume of 30,001. The firm has a 50-day moving average price of $9.86 and a two-hundred day moving average price of $9.76. Singapore Airlines has a 1-year low of $8.62 and a 1-year high of $11.61.

About Singapore Airlines

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments.