Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Significant Increase in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 28,800 shares, an increase of 396.6% from the August 15th total of 5,800 shares. Based on an average daily volume of 88,500 shares, the short-interest ratio is presently 0.3 days.

Separately, JPMorgan Chase & Co. raised shares of Singapore Telecommunications from a “neutral” rating to an “overweight” rating in a research report on Monday, August 16th.

Singapore Telecommunications stock opened at $17.87 on Wednesday. Singapore Telecommunications has a 1-year low of $14.66 and a 1-year high of $19.59. The company has a fifty day simple moving average of $17.15 and a 200 day simple moving average of $17.69. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.41.

Singapore Telecommunications Company Profile

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales.

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