Short Interest in Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Rises By 218.7%

Key Points

• Singapore Telecommunications Ltd. experienced a significant increase in short interest of 218.7% in July, rising to 23,900 shares from 7,500 shares.
• The company declared an increase in its dividend, now paying $0.7534 per share on August 26th, up from the previous $0.66, representing a yield of 430.0%.
• Singtel's stock price rose to $31.94 during trading, with a notable 12-month trading range between $21.68 and $33.24.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 23,900 shares, anincreaseof218.7% from the July 15th total of 7,500 shares. Based on an average daily trading volume, of 273,300 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 273,300 shares, the short-interest ratio is presently 0.1 days.

Singapore Telecommunications Trading Down 1.5%

Shares of OTCMKTS SGAPY traded down $0.48 during midday trading on Thursday, hitting $31.77. The company's stock had a trading volume of 25,367 shares, compared to its average volume of 88,813. Singapore Telecommunications has a 1-year low of $21.68 and a 1-year high of $33.24. The firm's fifty day moving average price is $31.14 and its 200-day moving average price is $28.52. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.

Singapore Telecommunications Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.7534 per share. This represents a yield of 430.0%. The ex-dividend date of this dividend is Friday, August 1st. This is a positive change from Singapore Telecommunications's previous dividend of $0.66.

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.