Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Significant Decline in Short Interest

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 26,848 shares, a drop of 61.1% from the January 15th total of 69,030 shares. Based on an average trading volume of 137,268 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 137,268 shares, the short-interest ratio is currently 0.2 days.

Singapore Telecommunications Trading Up 3.9%

OTCMKTS SGAPY opened at $39.50 on Thursday. The company has a fifty day moving average price of $35.74 and a 200-day moving average price of $34.26. The company has a current ratio of 1.20, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Singapore Telecommunications has a 1 year low of $24.27 and a 1 year high of $39.54.

About Singapore Telecommunications

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.