Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Down 89.5% in August

Singapore Telecommunications Ltd. (OTCMKTS:SGAPYGet Free Report) was the recipient of a large decrease in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 147,725 shares, the short-interest ratio is currently 0.0 days.

Singapore Telecommunications Trading Up 1.6%

Shares of SGAPY stock traded up $0.56 during trading hours on Tuesday, reaching $35.35. The company’s stock had a trading volume of 16,663 shares, compared to its average volume of 74,467. The firm’s 50 day simple moving average is $34.24 and its 200-day simple moving average is $36.40. Singapore Telecommunications has a fifty-two week low of $30.69 and a fifty-two week high of $41.20. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

SGAPY has been the subject of a number of recent research reports. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. Zacks Research upgraded shares of Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

View Our Latest Analysis on SGAPY

Singapore Telecommunications Company Profile

(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.

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