Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Significant Increase in Short Interest

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a significant increase in short interest during 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. Based on an average trading volume of 130,503 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Singapore Telecommunications Stock Up 0.9%

SGAPY stock traded up $0.29 during trading on Monday, hitting $34.26. 42,641 shares of the company’s stock traded hands, compared to its average volume of 73,480. Singapore Telecommunications has a 52 week low of $29.25 and a 52 week high of $41.20. The stock has a fifty day moving average price of $34.32 and a two-hundred day moving average price of $36.56. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Singapore Telecommunications Company Profile

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.