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.
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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.
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.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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CiaoBella SG : which means all the big institutions are releasing negative news to short this stock?