Singapore Exchange Limited (OTCMKTS:SPXCY) Sees Large Increase in Short Interest

Singapore Exchange Limited (OTCMKTS:SPXCY) was the recipient of a large increase in short interest in 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 trading volume of 40,580 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Singapore Exchange Stock Up 1.6%

Singapore Exchange stock opened at $39.67 on Thursday. The firm’s fifty day moving average price is $37.44 and its two-hundred day moving average price is $33.47. Singapore Exchange has a 1-year low of $24.36 and a 1-year 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.