Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Large Drop in Short Interest

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 4,240 shares, a drop of 85.8% from the September 15th total of 29,865 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 95,640 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Singapore Telecommunications Stock Performance

Shares of Singapore Telecommunications stock traded down $0.15 on Friday, hitting $33.11. The company had a trading volume of 75,046 shares, compared to its average volume of 51,833. The stock has a 50-day moving average of $34.34 and a 200-day moving average of $35.30. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. Singapore Telecommunications has a twelve month low of $31.74 and a twelve month high of $41.20.

About Singapore Telecommunications

Singapore Telecommunications Limited, commonly known as Singtel, is a communications technology group headquartered in Singapore. The company provides mobile and fixed-line telecommunications, broadband, pay television, digital services, and information and communications technology solutions for consumers, businesses, and government organizations.

Singtel serves customers in Singapore and Australia, where it operates through Optus, a major telecommunications provider. The group also maintains regional interests and partnerships in mobile and telecommunications businesses across Asia, including operations associated with Indonesia, India, Thailand, and the Philippines.