Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Sees Significant Decrease in Short Interest

Key Points

• Singapore Telecommunications Ltd. experienced a significant 41.7% decrease in short interest during September, falling to 31,700 shares as of September 15th.
• The company's stock price rose by 1.0% to $33.06, with a trading volume of 52,708 shares, compared to the average volume of 225,351 shares.
• Singapore Telecommunications increased its dividend to $0.7534, yielding 430.0%, up from the previous dividend of $0.66.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 31,700 shares, a drop of 41.7% from the August 31st total of 54,400 shares. Based on an average daily trading volume, of 166,100 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 166,100 shares, the short-interest ratio is currently 0.2 days.

Singapore Telecommunications Trading Up 1.0%

Shares of SGAPY stock traded up $0.32 on Friday, hitting $33.06. The stock had a trading volume of 52,708 shares, compared to its average volume of 225,351. The company's 50 day moving average price is $32.59 and its 200-day moving average price is $30.41. Singapore Telecommunications has a 1 year low of $21.68 and a 1 year high of $34.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.94.

Singapore Telecommunications Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 4th were issued a $0.7534 dividend. This represents a yield of 430.0%. This is a boost from Singapore Telecommunications's previous dividend of $0.66. The ex-dividend date was Friday, August 1st.

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.

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