Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) Short Interest Update

Key Points

• Short Interest Surge: Singapore Telecommunications Ltd. experienced a significant increase in short interest of 478.7%, rising from 9,400 to 54,400 shares as of August 31st.
• Dividend Increase: The company announced a new dividend payout of $0.7534, up from the previous $0.66, reflecting a yield of 430.0% for investors of record as of August 4th.
• Stock Performance: As of the latest update, shares of Singapore Telecommunications are trading at $34.01, with a 52-week range between $21.68 and $34.70.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 54,400 shares, an increase of 478.7% from the August 15th total of 9,400 shares. Based on an average daily volume of 55,400 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 55,400 shares, the short-interest ratio is presently 1.0 days.

Singapore Telecommunications Trading Down 0.3%

Shares of SGAPY traded down $0.11 during midday trading on Wednesday, hitting $33.89. 448,203 shares of the stock traded hands, compared to its average volume of 102,219. The business's 50 day moving average price is $32.31 and its two-hundred day moving average price is $29.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.98. Singapore Telecommunications has a 1-year low of $21.68 and a 1-year high of $34.85.

Singapore Telecommunications Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 4th were paid a dividend of $0.7534 per share. This is a boost from Singapore Telecommunications's previous dividend of $0.66. This represents a dividend yield of 430.0%. 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.