Singapore Airlines Limited (OTCMKTS:SINGY) Short Interest Update

Singapore Airlines Limited (OTCMKTS:SINGY) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,600 shares, a drop of 23.5% from the October 15th total of 3,400 shares. Based on an average trading volume of 46,800 shares, the days-to-cover ratio is currently 0.1 days.

Singapore Airlines Stock Up 0.9 %

Shares of SINGY traded up $0.08 during midday trading on Friday, hitting $9.35. 43,595 shares of the company traded hands, compared to its average volume of 34,513. The firm has a 50 day moving average of $9.84 and a 200-day moving average of $9.84. Singapore Airlines has a 52 week low of $8.63 and a 52 week high of $10.99.

Singapore Airlines Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.1494 per share. The ex-dividend date of this dividend is Tuesday, November 26th. Singapore Airlines’s dividend payout ratio (DPR) is presently 117.21%.

About Singapore Airlines

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.