Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Up 6,900.0% in May

Singapore Airlines Limited (OTCMKTS:SINGYGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 7,000 shares, an increase of 6,900.0% from the April 30th total of 100 shares. Based on an average daily volume of 88,900 shares, the short-interest ratio is presently 0.1 days.

Several research analysts recently issued reports on SINGY shares. Citigroup raised shares of Singapore Airlines from a “neutral” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised shares of Singapore Airlines from a “neutral” rating to an “overweight” rating in a report on Monday, February 28th.

SINGY stock traded down $0.04 during midday trading on Wednesday, hitting $7.91. 44,842 shares of the stock traded hands, compared to its average volume of 44,845. The stock’s fifty day simple moving average is $7.82 and its 200-day simple moving average is $7.59. Singapore Airlines has a 1-year low of $6.80 and a 1-year high of $8.35.

About Singapore Airlines (Get Rating)

Singapore Airlines Limited, together with subsidiaries, offers passenger and cargo air transportation services under the Singapore Airlines, SilkAir, and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. The company operates through Singapore Airlines, SilkAir, Budget Aviation, and SIAEC segments.

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