Singapore Airlines Limited (OTCMKTS:SINGY) Sees Significant Drop in Short Interest

Singapore Airlines Limited (OTCMKTS:SINGY) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 10,100 shares, a decrease of 32.7% from the December 15th total of 15,000 shares. Based on an average daily volume of 52,300 shares, the short-interest ratio is presently 0.2 days.

Singapore Airlines Stock Performance

Shares of SINGY opened at $9.17 on Tuesday. Singapore Airlines has a 1 year low of $8.63 and a 1 year high of $10.99. The stock’s fifty day moving average price is $9.38 and its two-hundred day moving average price is $9.68.

Singapore Airlines Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were paid a $0.1494 dividend. The ex-dividend date was Tuesday, November 26th. Singapore Airlines’s dividend payout ratio is currently 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.