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 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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