Singapore Exchange Limited (OTCMKTS:SPXCY) Short Interest Up 53.1% in July

Singapore Exchange Limited (OTCMKTS:SPXCY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 88,104 shares, an increase of 53.1% from the July 15th total of 57,563 shares. Based on an average daily volume of 40,580 shares, the short-interest ratio is presently 2.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Singapore Exchange from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Singapore Exchange Trading Down 1.4%

Shares of SPXCY stock opened at $39.03 on Wednesday. The stock has a fifty day simple moving average of $37.32 and a two-hundred day simple moving average of $33.39. Singapore Exchange has a 52-week low of $24.36 and a 52-week high of $39.80.

Singapore Exchange Company Profile

Singapore Exchange Limited (SGX), trading on the OTCMKTS under the symbol SPXCY, is Singapore’s primary securities and derivatives exchange. The company operates multiple business segments, including the securities market, derivatives market, and post-trade services. On its securities market, SGX provides trading, clearing and settlement for equities, fixed income, exchange-traded funds (ETFs), real estate investment trusts (REITs), and structured products. Its derivatives platform offers futures and options on equity indices, single stocks, interest rates, foreign exchange, commodities and carbon credits.