Singapore Exchange Limited (OTCMKTS:SPXCY) Short Interest Up 53.1% in July

Singapore Exchange Limited (OTCMKTS:SPXCY) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 88,104 shares, a growth of 53.1% from the July 15th total of 57,563 shares. Based on an average daily volume of 40,580 shares, the short-interest ratio is currently 2.2 days. Currently, 0.0% of the shares of the company are sold short.

Singapore Exchange Trading Up 0.5%

Shares of OTCMKTS SPXCY opened at $39.54 on Tuesday. The business’s 50 day moving average is $37.22 and its 200-day moving average is $33.31. Singapore Exchange has a 1-year low of $24.36 and a 1-year high of $39.80.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Singapore Exchange to a “strong-buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

About Singapore Exchange

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.