Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Decreases By 55.5%

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 12,164 shares, a decline of 55.5% from the January 15th total of 27,331 shares. Based on an average daily volume of 72,072 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 72,072 shares, the days-to-cover ratio is presently 0.2 days.

Singapore Airlines Stock Performance

Shares of OTCMKTS:SINGY opened at $10.82 on Thursday. Singapore Airlines has a 1-year low of $8.78 and a 1-year high of $11.77. The business has a fifty day moving average price of $9.96 and a 200-day moving average price of $10.09.

About Singapore Airlines

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.