Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 8,504 shares, an increase of 100.6% from the September 30th total of 4,240 shares. Based on an average daily trading volume, of 123,945 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Separately, Phillip Securities upgraded shares of Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.
View Our Latest Stock Report on Singapore Telecommunications
Singapore Telecommunications Trading Up 1.6%
Shares of SGAPY stock opened at $32.68 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $33.79 and a two-hundred day simple moving average of $35.72. Singapore Telecommunications has a 52-week low of $30.58 and a 52-week high of $41.20.
Singapore Telecommunications Company Profile
Singapore Telecommunications Limited, commonly known as Singtel, is a Singapore-based communications technology group providing telecommunications and digital services to consumers, businesses and governments. Its offerings include mobile and fixed-line communications, broadband connectivity, digital television, cloud services, cybersecurity, information and communications technology solutions, and data-center services.
Singtel operates primarily in Singapore and Australia, where it owns Optus, a major telecommunications provider.
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