Short Interest in SATS Ltd. (OTCMKTS:SPASF) Grows By 89.0%

SATS Ltd. (OTCMKTS:SPASF) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 1,032,574 shares, an increase of 89.0% from the April 15th total of 546,374 shares. Based on an average daily volume of 91 shares, the days-to-cover ratio is presently 11,347.0 days.

SATS Trading Down 7.5%

Shares of SATS stock opened at $2.50 on Tuesday. SATS has a 12-month low of $2.28 and a 12-month high of $3.25. The business’s 50 day moving average is $2.90 and its 200-day moving average is $2.64.

SATS Company Profile

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.