Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Increases By 85.3%

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,151 shares, a growth of 85.3% from the May 14th total of 1,161 shares. Based on an average trading volume of 133,884 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Singapore Telecommunications Price Performance

SGAPY opened at $33.08 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.15. Singapore Telecommunications has a 12 month low of $28.89 and a 12 month high of $41.20. The business has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $36.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.