Singapore Telecommunications Limited (OTCMKTS:SGAPY) Short Interest Down 83.4% in July

Singapore Telecommunications Limited (OTCMKTS:SGAPY) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 24,200 shares, a drop of 83.4% from the July 15th total of 145,700 shares. Based on an average trading volume of 73,100 shares, the days-to-cover ratio is presently 0.3 days.

Singapore Telecommunications Stock Performance

Singapore Telecommunications stock remained flat at $22.24 during midday trading on Monday. 15,200 shares of the company were exchanged, compared to its average volume of 65,492. Singapore Telecommunications has a twelve month low of $16.38 and a twelve month high of $23.24. The firm has a 50 day simple moving average of $20.89 and a two-hundred day simple moving average of $18.89.

Singapore Telecommunications Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Friday, August 2nd will be given a $0.5649 dividend. This is a boost from Singapore Telecommunications’s previous dividend of $0.36. The ex-dividend date is Friday, August 2nd.

Singapore Telecommunications Company Profile

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, the United States, and internationally. The company operates through Optus, Singapore Consumer, Group Enterprise, NCS, Trustwave, and Amobee segments.