Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Down 89.5% in August
by Teresa Graham · The Cerbat GemSingapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,689 shares, a decline of 89.5% from the July 30th total of 25,573 shares. Based on an average trading volume of 147,725 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Analyst Ratings Changes
Several analysts have issued reports on SGAPY shares. Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Singapore Telecommunications has a consensus rating of “Buy”.
View Our Latest Stock Analysis on SGAPY
Singapore Telecommunications Stock Up 1.6%
Shares of Singapore Telecommunications stock traded up $0.56 during mid-day trading on Tuesday, reaching $35.35. 16,663 shares of the stock were exchanged, compared to its average volume of 74,467. The firm has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $36.40. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Singapore Telecommunications has a fifty-two week low of $30.69 and a fifty-two week high of $41.20.
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.