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

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

Singapore Telecommunications Price Performance

Shares of SGAPY stock opened at $25.60 on Thursday. Singapore Telecommunications has a 12-month low of $16.94 and a 12-month high of $26.75. 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 stock’s 50-day moving average price is $24.40 and its 200-day moving average price is $24.00.

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.