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

Singapore Telecommunications Limited (OTCMKTS:SGAPY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 75,700 shares, an increase of 72.0% from the December 15th total of 44,000 shares. Based on an average daily volume of 63,200 shares, the days-to-cover ratio is presently 1.2 days.

Singapore Telecommunications Price Performance

Shares of OTCMKTS SGAPY traded up $0.31 during trading hours on Friday, hitting $23.08. 48,814 shares of the company’s stock were exchanged, compared to its average volume of 36,270. The company’s 50-day moving average price is $22.96 and its 200-day moving average price is $23.24. Singapore Telecommunications has a 1-year low of $16.70 and a 1-year high of $26.75.

Singapore Telecommunications Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a dividend of $0.6633 per share. This is a boost from Singapore Telecommunications’s previous dividend of $0.56. The ex-dividend date of this dividend was Monday, November 25th.

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.