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

by · The Cerbat Gem

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) saw a large increase in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 133,884 shares, the short-interest ratio is currently 0.0 days.

Singapore Telecommunications Price Performance

Singapore Telecommunications stock opened at $33.08 on Monday. Singapore Telecommunications has a 12-month low of $28.89 and a 12-month high of $41.20. The firm’s 50-day moving average is $36.49 and its two-hundred day moving average is $36.92. The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Analyst Ratings Changes

Separately, Zacks Research raised Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Singapore Telecommunications currently has an average rating of “Hold”.

View Our Latest Stock Analysis on SGAPY

About Singapore Telecommunications

(Get Free Report)

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.

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