Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Large Decrease in Short Interest

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 26,848 shares, a decline of 61.1% from the January 15th total of 69,030 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 137,268 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 137,268 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Singapore Telecommunications Trading Down 0.9%

Shares of SGAPY stock traded down $0.34 during mid-day trading on Friday, reaching $39.06. 30,278 shares of the company’s stock traded hands, compared to its average volume of 54,960. The company’s 50-day moving average price is $35.82 and its 200-day moving average price is $34.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.20. Singapore Telecommunications has a 12 month low of $24.27 and a 12 month high of $40.01.

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.