Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Significant Drop in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 57,200 shares, a drop of 14.6% from the February 13th total of 67,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 55,300 shares, the days-to-cover ratio is presently 1.0 days.

Singapore Telecommunications Stock Up 0.2 %

SGAPY traded up $0.06 during trading on Friday, hitting $25.63. 21,155 shares of the stock were exchanged, compared to its average volume of 29,056. Singapore Telecommunications has a 1-year low of $16.94 and a 1-year high of $26.75. The stock has a fifty day moving average price of $24.52 and a two-hundred day moving average price of $24.03. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37.

Singapore Telecommunications Company Profile

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.