Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) saw a significant 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. Based on an average trading volume of 147,725 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Singapore Telecommunications Stock Performance
Shares of SGAPY traded up $0.35 during trading hours on Thursday, reaching $35.70. The company had a trading volume of 9,673 shares, compared to its average volume of 74,129. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04. Singapore Telecommunications has a 12-month low of $30.69 and a 12-month high of $41.20. The firm has a 50 day simple moving average of $34.27 and a 200-day simple moving average of $36.38.
Analyst Ratings Changes
SGAPY has been the subject of a number of research reports. Zacks Research raised shares of 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 report 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. Based on data from MarketBeat, Singapore Telecommunications presently has an average rating of “Buy”.
Singapore Telecommunications Company Profile
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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