Short Interest in Singapore Telecommunications Limited (OTCMKTS:SGAPY) Expands By 277.5%

Singapore Telecommunications Limited (OTCMKTS:SGAPYGet Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 15,100 shares, an increase of 277.5% from the April 30th total of 4,000 shares. Based on an average daily trading volume, of 57,600 shares, the short-interest ratio is currently 0.3 days.

Singapore Telecommunications Price Performance

Shares of SGAPY traded down $0.25 during midday trading on Friday, reaching $18.37. 32,145 shares of the stock were exchanged, compared to its average volume of 48,843. Singapore Telecommunications has a 52 week low of $16.19 and a 52 week high of $20.82. The company’s 50 day moving average is $18.80 and its two-hundred day moving average is $18.83.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered Singapore Telecommunications from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 15th.

Singapore Telecommunications Company Profile

(Get Rating)

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales.

Recommended Stories

Receive News & Ratings for Singapore Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Singapore Telecommunications and related companies with's FREE daily email newsletter.