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

Singapore Airlines Limited (OTCMKTS:SINGY – Get Rating) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 500 shares, a decrease of 80.8% from the April 30th total of 2,600 shares. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Citigroup raised shares of Singapore Airlines from a “sell” rating to a “buy” rating in a research report on Wednesday, April 19th.

Singapore Airlines Price Performance

Shares of OTCMKTS:SINGY traded down $0.02 during trading on Friday, reaching $9.41. 5,627 shares of the company’s stock traded hands, compared to its average volume of 11,835. The company has a 50 day moving average of $8.76 and a 200-day moving average of $8.50. Singapore Airlines has a 12 month low of $6.82 and a 12 month high of $9.59.

About Singapore Airlines

(Get Rating)

Singapore Airlines Ltd. engages in passenger and cargo air transportation. It operates through the following segments: Singapore Airlines, SilkAir, Budget Aviation and SIAEC. The Singapore Airlines segment provides passenger air transportation under the Singapore Airlines brand with a focus on full-service passenger serving short and long haul markets.