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

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,896 shares, an increase of 185.0% from the June 30th total of 10,840 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 130,503 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Singapore Telecommunications Price Performance

Singapore Telecommunications stock opened at $34.89 on Wednesday. Singapore Telecommunications has a 1 year low of $29.25 and a 1 year high of $41.20. The firm has a 50 day moving average price of $34.16 and a 200 day moving average price of $36.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04.

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.