Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Significant Decline in Short Interest

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) saw 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 85,539 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 85,539 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.

Singapore Telecommunications Trading Up 0.4%

OTCMKTS:SGAPY traded up $0.15 during mid-day trading on Friday, hitting $35.77. The company’s stock had a trading volume of 45,359 shares, compared to its average volume of 50,620. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 1.20. Singapore Telecommunications has a fifty-two week low of $21.68 and a fifty-two week high of $37.51. The stock has a fifty day moving average of $35.18 and a 200-day moving average of $33.12.

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.