Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Declines By 46.8%

Key Points

• Short interest fell 46.8% to 21,730 shares as of March 31, representing about 0.0% of outstanding shares and a days-to-cover ratio of 0.3 based on average daily volume of 85,237.
• The stock opened at $38.51, with a 50-day simple moving average of $39.01 and a 200-day SMA of $36.23, trading in a 12-month range of $26.07–$41.20.
• SingTel is a regional telecommunications and ICT provider serving consumer and enterprise customers, with balance-sheet metrics including a current ratio of 1.20, quick ratio of 1.15 and debt-to-equity of 0.40.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 21,730 shares, a drop of 46.8% from the March 15th total of 40,836 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 85,237 shares, the days-to-cover ratio is presently 0.3 days.

Singapore Telecommunications Price Performance

OTCMKTS:SGAPY opened at $38.51 on Monday. The stock's 50-day simple moving average is $39.01 and its 200 day simple moving average is $36.23. The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. Singapore Telecommunications has a twelve month low of $26.07 and a twelve month high of $41.20.

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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