Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Update

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 10,840 shares, an increase of 417.2% from the June 15th total of 2,096 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 148,149 shares, the days-to-cover ratio is currently 0.1 days.

Singapore Telecommunications Stock Performance

OTCMKTS SGAPY opened at $34.14 on Friday. The company has a 50-day moving average price of $34.90 and a two-hundred day moving average price of $36.65. Singapore Telecommunications has a 52 week low of $29.25 and a 52 week high of $41.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Singapore Telecommunications presently has an average 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.