Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Up 912.5% in May

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a significant increase in short interest in 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 daily trading volume, of 167,327 shares, the days-to-cover ratio is presently 0.9 days.

Singapore Airlines Stock Performance

Singapore Airlines stock traded down $0.04 during trading on Thursday, reaching $10.72. 3,554 shares of the company were exchanged, compared to its average volume of 67,533. Singapore Airlines has a 52-week low of $9.28 and a 52-week high of $11.77. The stock’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $10.21.

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.