Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Significant Growth in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 44,000 shares, a growth of 53.8% from the November 30th total of 28,600 shares. Based on an average daily volume of 131,900 shares, the days-to-cover ratio is currently 0.3 days.

Singapore Telecommunications Price Performance

Shares of SGAPY traded up $0.01 during mid-day trading on Friday, reaching $22.73. The company had a trading volume of 20,816 shares, compared to its average volume of 51,951. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. Singapore Telecommunications has a twelve month low of $16.70 and a twelve month high of $26.75. The company’s 50-day moving average is $23.32 and its 200-day moving average is $22.93.

Singapore Telecommunications Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were issued a dividend of $0.6633 per share. The ex-dividend date was Monday, November 25th. This is a boost from Singapore Telecommunications’s previous dividend of $0.56.

About Singapore Telecommunications

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally. The company operates through Optus, Singtel Singapore, NCS, Digital InfraCo, and Corporate segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; mobile, fixed voice and data, pay television, content and digital services, ICT as well as equipment sales in Singapore; and provides differentiated and end-to-end technology services to clients through its Gov+, Enterprise, and Telco+ strategic business groups with its NEXT capabilities in digital, data, cloud and platforms, as well as offers applications, infrastructure, engineering and cyber.