Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Drops By 66.9%

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 93,106 shares, a drop of 66.9% from the November 30th total of 281,266 shares. Based on an average trading volume of 85,539 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 85,539 shares, the short-interest ratio is presently 1.1 days.

Singapore Telecommunications Stock Up 0.4%

Singapore Telecommunications stock opened at $35.77 on Friday. Singapore Telecommunications has a 52-week low of $21.68 and a 52-week high of $37.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.94. The firm has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $33.14.

Singapore Telecommunications Company Profile

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.