Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Large Increase in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 79,300 shares, a growth of 38.6% from the February 28th total of 57,200 shares. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are short sold.

Singapore Telecommunications Stock Performance

SGAPY stock opened at $25.58 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.92 and a quick ratio of 0.89. The company’s 50-day moving average price is $24.80 and its 200 day moving average price is $24.07. Singapore Telecommunications has a 52 week low of $16.94 and a 52 week high of $26.75.

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.