SIA short interest surges amid bearish industry outlook and stock’s ‘over-valuation’

$SIA (C6L.SG)$ This may explain why the stock price kept falling despite the strong fundamental.

Quote:

THE short interest in Singapore Airlines (SIA) : C6L -0.33% stock has been increasing since May, making it the second-most shorted counter after AEM Holdings : AWX -0.84% in Singapore as at last Friday (Oct 13), S&P Global Market Intelligence data showed.
Short interest – defined as the percentage of outstanding shares on loan – in the mainboard-listed national carrier has stayed above 4 per cent since May 9. This is higher than the average of 2.06 per cent short interest logged by the stock over the past three years.

Source:

SIA short interest surges amid bearish industry outlook and stock’s ‘over-valuation' - The Business Times

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

16K Views

Comment

Make it Big : hezzz...

Report
Reply

Cancel Reply
CiaoBella SG : which means all the big institutions are releasing negative news to short this stock?

Report
Reply

Cancel Reply

ZnWC

Positive sum 🥂 Balanced view ⚖️ Trader

I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.

3614

Followers

107

Following

13K

Visitors