Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Declines By 72.7%

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,161 shares, a decrease of 72.7% from the April 30th total of 4,246 shares. Based on an average trading volume of 429,983 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Singapore Telecommunications Trading Down 0.7%

Shares of OTCMKTS SGAPY traded down $0.23 on Friday, reaching $33.85. 29,249 shares of the company traded hands, compared to its average volume of 71,632. Singapore Telecommunications has a fifty-two week low of $28.51 and a fifty-two week high of $41.20. The company has a 50 day moving average of $37.76 and a 200 day moving average of $37.18. The company has a current ratio of 1.20, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40.

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.