Singapore Airlines Limited (OTCMKTS:SINGY) Stock Short Interest Report for October

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 67,891 shares, a growth of 196.0% from the October 15th total of 22,937 shares. Based on an average trading volume of 116,464 shares, the days-to-cover ratio is presently 0.6 days.

Singapore Airlines Stock Performance

Singapore Airlines stock traded down $0.14 during midday trading on Friday, reaching $11.04. The stock had a trading volume of 31,768 shares, compared to its average volume of 67,565. Singapore Airlines has a 52-week low of $9.28 and a 52-week high of $12.17. The company has a fifty day moving average of $10.43 and a 200 day moving average of $10.71.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Singapore Airlines from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

Singapore Airlines Company Profile

Singapore Airlines Limited is the flag carrier of Singapore and a global provider of scheduled passenger and air cargo transportation services. The airline operates an international network from its primary hub at Singapore Changi Airport, serving destinations across Asia-Pacific, Europe, the Middle East, Africa and North America. Its offerings include multiple cabin classes, long-haul and regional flights, and related travel services. The company also operates through a group of aviation-related businesses.