Short Interest in Singapore Airlines Limited (OTCMKTS:SINGY) Increases By 36.4%

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 15,000 shares, an increase of 36.4% from the November 30th total of 11,000 shares. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is presently 0.3 days.

Singapore Airlines Price Performance

Shares of OTCMKTS SINGY traded down $0.01 during midday trading on Monday, hitting $9.43. 20,380 shares of the stock traded hands, compared to its average volume of 34,292. Singapore Airlines has a one year low of $8.63 and a one year high of $10.99. The firm has a 50-day moving average of $9.46 and a two-hundred day moving average of $9.73.

Singapore Airlines Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a $0.1494 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. Singapore Airlines’s dividend payout ratio is 117.21%.

Singapore Airlines Company Profile

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments.