Singapore Telecommunications Limited (OTCMKTS:SGAPY – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 75,700 shares, an increase of 72.0% from the December 15th total of 44,000 shares. Based on an average daily trading volume, of 63,200 shares, the short-interest ratio is currently 1.2 days.
Singapore Telecommunications Stock Performance
Shares of SGAPY stock traded up $0.31 during mid-day trading on Friday, reaching $23.08. 48,814 shares of the company’s stock traded hands, compared to its average volume of 36,319. The company’s 50-day moving average price is $22.96 and its 200-day moving average price is $23.24. Singapore Telecommunications has a 12 month low of $16.70 and a 12 month high of $26.75.
Singapore Telecommunications Increases Dividend
The company also recently declared a dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a $0.6633 dividend. This is a boost from Singapore Telecommunications’s previous dividend of $0.56. The ex-dividend date was Monday, November 25th.
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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