Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Large Growth in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 822,600 shares, an increase of 2,669.7% from the March 31st total of 29,700 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 578,200 shares, the days-to-cover ratio is currently 1.4 days.

Singapore Telecommunications Trading Down 1.7 %

Shares of OTCMKTS SGAPY traded down $0.49 during mid-day trading on Friday, hitting $28.82. The company had a trading volume of 34,205 shares, compared to its average volume of 75,710. Singapore Telecommunications has a 1-year low of $17.01 and a 1-year high of $29.31. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $26.07 and its 200 day simple moving average is $24.38.

About Singapore Telecommunications

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally. The company operates through Optus, Singtel Singapore, NCS, Digital InfraCo, and Corporate segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; mobile, fixed voice and data, pay television, content and digital services, ICT as well as equipment sales in Singapore; and provides differentiated and end-to-end technology services to clients through its Gov+, Enterprise, and Telco+ strategic business groups with its NEXT capabilities in digital, data, cloud and platforms, as well as offers applications, infrastructure, engineering and cyber.

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