Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Update

Singapore Telecommunications Ltd. (OTCMKTS:SGAPYGet Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,689 shares, a decrease of 89.5% from the July 30th total of 25,573 shares. Based on an average daily volume of 147,725 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Singapore Telecommunications Price Performance

OTCMKTS SGAPY opened at $35.35 on Wednesday. The stock’s 50 day moving average is $34.24 and its two-hundred day moving average is $36.40. Singapore Telecommunications has a 1-year low of $30.69 and a 1-year high of $41.20. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

SGAPY has been the subject of a number of research analyst reports. Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities upgraded shares of Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Singapore Telecommunications currently has an average rating of “Buy”.

View Our Latest Stock Report on Singapore Telecommunications

About Singapore Telecommunications

(Get Free Report)

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.

Further Reading

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