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

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 93,106 shares, a decrease of 66.9% from the November 30th total of 281,266 shares. Based on an average daily volume of 85,539 shares, the short-interest ratio is currently 1.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 85,539 shares, the short-interest ratio is currently 1.1 days.

Singapore Telecommunications Price Performance

Shares of Singapore Telecommunications stock traded up $0.15 during midday trading on Friday, reaching $35.77. The company had a trading volume of 45,359 shares, compared to its average volume of 50,620. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 1.20. The stock has a fifty day simple moving average of $35.18 and a 200 day simple moving average of $33.12. Singapore Telecommunications has a 1-year low of $21.68 and a 1-year high of $37.51.

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.