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

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,151 shares, an increase of 85.3% from the May 14th total of 1,161 shares. Based on an average daily trading volume, of 133,884 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Singapore Telecommunications Price Performance

OTCMKTS:SGAPY remained flat at $33.26 on Tuesday. 96,303 shares of the company’s stock were exchanged, compared to its average volume of 84,168. The stock’s 50-day simple moving average is $36.38 and its two-hundred day simple moving average is $36.89. Singapore Telecommunications has a 52 week low of $28.89 and a 52 week high of $41.20. The company has a current ratio of 1.20, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

Wall Street Analyst Weigh In

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