Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,896 shares, an increase of 185.0% from the June 30th total of 10,840 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 130,503 shares, the days-to-cover ratio is currently 0.2 days.
Singapore Telecommunications Trading Up 0.9%
OTCMKTS:SGAPY traded up $0.29 during trading hours on Monday, hitting $34.26. 42,641 shares of the stock traded hands, compared to its average volume of 73,480. The firm has a 50 day moving average price of $34.32 and a 200 day moving average price of $36.56. Singapore Telecommunications has a fifty-two week low of $29.25 and a fifty-two week high of $41.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.00.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Singapore Telecommunications currently has an average rating of “Hold”.
About Singapore Telecommunications
Singapore Telecommunications Limited (OTCMKTS: SGAPY), commonly known as Singtel, is a Singapore-based telecommunications and information communications technology (ICT) group. The company’s core consumer services include mobile and fixed-line telephony, broadband internet, and pay-TV and content distribution. Singtel also provides a range of enterprise solutions such as managed services, cloud and data center offerings, cybersecurity, Internet of Things (IoT) connectivity and systems integration for corporate and public-sector customers.
Beyond its domestic market, Singtel operates as a regional hub through subsidiaries and strategic investments.
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