Singapore Telecommunications Limited (OTCMKTS:SGAPY) Sees Large Increase in Short Interest

Singapore Telecommunications Limited (OTCMKTS:SGAPY) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 44,000 shares, an increase of 53.8% from the November 30th total of 28,600 shares. Based on an average daily volume of 131,900 shares, the days-to-cover ratio is presently 0.3 days.

Singapore Telecommunications Stock Down 0.4 %

SGAPY stock traded down $0.09 during trading on Monday, reaching $22.64. The stock had a trading volume of 25,932 shares, compared to its average volume of 51,848. Singapore Telecommunications has a one year low of $16.70 and a one year high of $26.75. The company’s 50 day moving average is $23.32 and its two-hundred day moving average is $22.99. The company has a current ratio of 1.35, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45.

Singapore Telecommunications Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were given a dividend of $0.6633 per share. This is an increase 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.