Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Up 85.3% in May

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a large increase in short interest during the month of 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 volume of 133,884 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Singapore Telecommunications Trading Up 0.7%

Shares of SGAPY stock opened at $33.49 on Wednesday. The stock’s fifty day moving average is $36.27 and its 200-day moving average is $36.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.20. Singapore Telecommunications has a 52 week low of $28.89 and a 52 week high of $41.20.

Wall Street Analyst Weigh In

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

About Singapore Telecommunications

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.