Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totaling 9,400 shares, adropof60.7% from the July 31st total of 23,900 shares. Based on an average daily volume of 86,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 86,000 shares, the days-to-cover ratio is currently 0.1 days.
Singapore Telecommunications Stock Performance
Shares of Singapore Telecommunications stock traded down $0.30 on Tuesday, hitting $33.35. The stock had a trading volume of 26,789 shares, compared to its average volume of 102,278. The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.39. Singapore Telecommunications has a one year low of $21.68 and a one year high of $34.70. The stock's 50-day simple moving average is $31.92 and its two-hundred day simple moving average is $29.38.
Singapore Telecommunications Increases Dividend
The company also recently declared a dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 4th were paid a $0.7534 dividend. This represents a yield of 430.0%. The ex-dividend date was Friday, August 1st. This is a positive change from Singapore Telecommunications's previous dividend of $0.66.
About Singapore Telecommunications
(
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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.
Further Reading
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