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

Singapore Telecommunications Limited (OTCMKTS:SGAPY) saw a significant increase in short interest in the month of 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 days-to-cover ratio is currently 1.2 days.

Singapore Telecommunications Stock Performance

Shares of SGAPY stock traded up $0.31 on Friday, reaching $23.08. 48,814 shares of the company’s stock traded hands, compared to its average volume of 36,270. Singapore Telecommunications has a 12-month low of $16.70 and a 12-month high of $26.75. The business’s 50 day moving average price is $22.96 and its two-hundred day moving average price is $23.24.

Singapore Telecommunications Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were issued a dividend of $0.6633 per share. This is a positive change from Singapore Telecommunications’s previous dividend of $0.56. The ex-dividend date was Monday, November 25th.

Singapore Telecommunications Company Profile

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.