Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Increases By 90.1%

Singapore Telecommunications Ltd. (OTCMKTS:SGAPYGet Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 5,112 shares, a growth of 90.1% from the August 15th total of 2,689 shares. Based on an average daily volume of 57,526 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SGAPY. Zacks Research raised Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities raised 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

View Our Latest Analysis on Singapore Telecommunications

Singapore Telecommunications Stock Up 2.2%

Shares of OTCMKTS SGAPY opened at $35.89 on Wednesday. The business’s 50 day moving average is $34.65 and its two-hundred day moving average is $36.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.00. Singapore Telecommunications has a 1-year low of $30.69 and a 1-year high of $41.20.

About Singapore Telecommunications

(Get Free Report)

Singapore Telecommunications Limited, commonly known as Singtel, is a communications technology group headquartered in Singapore. The company provides mobile and fixed-line telecommunications, broadband, digital television, and related digital services to consumers and businesses. Through its enterprise operations, Singtel also offers information and communications technology services, including cloud computing, cybersecurity, managed connectivity, data-center solutions and digital infrastructure.

Singtel serves customers primarily in Singapore and Australia, where it operates through its Optus business.

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