Singapore Airlines Limited (OTCMKTS:SINGY) Sees Large Growth in Short Interest

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 11,000 shares, a growth of 1,733.3% from the November 15th total of 600 shares. Based on an average trading volume of 83,100 shares, the days-to-cover ratio is presently 0.1 days.

Singapore Airlines Trading Down 0.4 %

Shares of OTCMKTS SINGY traded down $0.04 during midday trading on Thursday, reaching $9.37. 32,605 shares of the stock were exchanged, compared to its average volume of 34,651. Singapore Airlines has a 12 month low of $8.63 and a 12 month high of $10.99. The business has a 50-day simple moving average of $9.59 and a two-hundred day simple moving average of $9.79.

Singapore Airlines Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.1494 per share. The ex-dividend date of this dividend is Tuesday, November 26th. Singapore Airlines’s dividend payout ratio is presently 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.